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Of course, the global financial crisis that had erupted a few months earlier threw the world economy into turmoil, causing output to contract, unemployment to surge, and trade to collapse.
If information sources differ in their publicity then price-formation and expectations-formation processes separate, causing output gaps to open.
Large input typically saturates a system, causing output to become insensitive to further increases in input.
When there are very low or high amounts of repression in the autoregulatory loop, the noise can actually increase because discrete, stochastic expression events can occur, causing output variability.
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Models that allow for factors causing outputs that can affect later outputs with putative causation working at several different time points (e.g., linkage) are not commonly used in the environmental literature.
Excess debt, not government fiat, caused output to slump in 1998, for example.
Fluctuations in the world tin market, however, have caused output to be reduced.
Demand shocks cause output and inflation to move in the same direction; if demand rises, both output and inflation tend to go up too.
If in one period a shock — a big rise in the price of oil, for instance — causes output to fall and unemployment to rise, in the next period the economy automatically adjusts back to a state of full employment.
The overall drop will be the largest slide in non-Opec supply since 1992, when the downfall of the former Soviet Union caused output to shrink by 1 million barrels a day from the year before.
Boeing has already announced job losses of up to 30,000 over the next 12 months, as falling orders cause output to fall from more than 500 aircraft this year to just over 400 next year and 350 in 2003.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com