Sentences with phrase «what standard economic theory»

This helps explain why our debt burden has not yet triggered what standard economic theory would dictate: a steep decline in the value of the U.S. dollar followed by a severe contraction of the American economy when we found we could no longer afford the foreign goods we like so much.

Not exact matches

Then, standard economic theory suggests the market will incorporate the new information from this price, and individual interactions will again determine the best «solution» to what goods and services to produce.