Titlebook: Can We Get Back to Full Employment?; Maurice Scott,Robert A. Laslett Book 1978 Maurice Scott and Robert A. Laslett 1978 economics.employme

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砍伐

What is full employment?,averaged 1.7 per cent of the number of employees, the highest percentage for any year being 2.4 (in 1963), and the lowest 1.1 (in 1955) (see Table 2.1). In 1967 the percentage rose to 2.3 and has never fallen below it since. In 1977 it was 6.3 per cent. ‘Getting back to full employment’ could be int

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ALERT

Inflation and wage restraint, indeed so compared with the experience of the preceding centuries, but in retrospect it seems astonishing that unemployment could be on average as low as 1.7 per cent with inflation at such a moderate level and with no sign that it was accelerating.

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mortuary

The balance of payments constraint,1950 to 1966. During these years it certainly seemed to be the case that macroeconomic policy largely consisted of expanding demand until our foreign exchange reserves came under pressure, and then of restricting demand until unemployment became uncomfortably high, by which time the pressure on the

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偏见

geriatrician

Can we get back to full employment?,lly increases, labour-using investment is encouraged, some cyclical and all structural unemployment is gradually absorbed and, despite the rise in profits and fall in unemployment, wage increases remain moderate, that is, not much in excess of the average rate of growth of labour productivity. With

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