Aggregate demand

Maurice Scott and Robert A. Laslett

Chapter 3 in Can We Get Back to Full Employment?, 1978, pp 19-22 from Palgrave Macmillan

Abstract: Abstract Writing in 1968, Matthews (September 1968) asked ‘Why has Britain had full employment since the war?’ He pointed out that, in the inter-war period, unemployment (measured on a comparable basis) averaged about 10 1/2 per cent, while before 1914, according to the best (but uncertain) estimates available, it averaged about 4 1/2 per cent. The post-war average of 1.7 per cent was therefore unusually low by historical standards.

Keywords: Gross Domestic Product; Private Investment; Demand Curve; Aggregate Demand; Investment Opportunity (search for similar items in EconPapers)
Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-16020-4_3

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DOI: 10.1007/978-1-349-16020-4_3

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