Furthermore, the economic history of hyperinflation rarely begins in an economy operating at full employment- more often than not, hyperinflation is a result in the collapse of the productive capacity of the economy.
The decline in real interest rates has been stimulating private demand, and, as I explained earlier, has brought record profits of firms and a full-employment labor market condition.
The U.S. has nearly reached the full employment level, and if the Trump administration carries out a tax reduction and infrastructure investment targeting 3.5% to 4% growth, the economy will overheat and inflation will result.
Six years later, he was the chief organizer of the historic 1963 March on Washington for Jobs and Freedom, rallying hundreds of thousands of people for economic justice, full employment, voting rights and equal opportunity.
年の革命以降、イランの長期的目標は経済的独立、完全雇用、市民の快適な生活水準の確立である。
Iran's long-term objectives since the 1979 revolution have been economic independence, full employment, and a comfortable standard of living for its citizens, but at the end of the 20th century the country's economic future was lined with obstacles.
Neo-liberal globalisation has undermined the ability of states to steer their economies according to given aims, such as full employment, growth or redistributive taxation.
In other words it is tacitly assuming that the monetary policy is such as to maintain the rate of interest at that level which is compatible with full employment.
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