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What about lack of aggregate demand?
Europe is replete with idle cash which people are scared to invest into productive activities, fearing lack of aggregate demand once the goods roll off the production line.
Even the cause of war is in dispute is the economy troubled by a lack of aggregate demand, or uncertainty over the deficit?
The cumulative supply shortfall – the authors estimate that potential output is now 7% below the pre-2007 trajectory – may be larger than the current output shortfall attributable to the ongoing lack of aggregate demand.
Unemployment is much higher in those industries that one would expect to suffer most from a lack of aggregate demand: construction, leisure and hospitality, business services, wholesale and retail trade, and durable goods.
If they are due to a lack of aggregate demand, then you shouldn't be in favour of cutting government spending on anything at all until the economy picks up again.
Similar(43)
We found the standard to be quite unstable and a few of our new recipes to be stable after 30 days as evidenced by the lack of aggregates in the formulations.
However, the dynein concentration in single molecule experiments is most likely much lower than in sliding experiments, so the lack of aggregates in single molecule experiments still doesn't rule out that there are clusters in the sliding assay.
The underlying problem – which has plagued the global economy since the crisis, but has worsened slightly – is lack of global aggregate demand.
In fact, it is rather a mortar than a concrete mixture because of the lack of coarse aggregate.
The mixture shows a slight lack of binder-aggregates adhesion under moisture conditions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com