Aggregate
in sentence
821 examples of Aggregate in a sentence
This is crucial, because most economies experienced pre-crisis growth patterns characterized by unsustainably high levels of domestic
aggregate
demand.
Summers emphasizes the inadequacy of
aggregate
demand, exacerbated by the inability of central banks to reduce nominal interest rates below zero.
The reasons for weak
aggregate
demand include aging populations that consume less and the growing concentration of wealth among the very rich, whose marginal propensity to consume is small.
The burden of these spending cuts will fall on hand-to-mouth consumers, who will reduce their own spending dollar for dollar, denting
aggregate
demand.
The broad picture is that the population of the world’s less developed regions is expected to rise from 4.9 billion today to 8.2 billion in 2050, whereas the population of the developed regions will, in aggregate, remain roughly stable at 1.2 billion.
But in the current environment of persistently weak
aggregate
demand, below-target inflation, and slow or no output growth, economists worldwide have been desperately seeking deus ex machina – a search that, for some, has led to the heliport.
Yet while it makes little sense to focus on simple
aggregate
figures, both public institutions and private researchers tend to do precisely that.
Rather, it is to embrace and fulfill its role as the world’s central bank, by balancing
aggregate
demand and potential supply for the global economy as a whole.
While the national central banks have not revealed how much they bought, the
aggregate
stock of all government bonds purchased rose from €74 billion ($102 billion) on August 4, to €165 billion this month.
But, on the receiving end of the message in southern Europe (and across the Atlantic), “austerity” is interpreted largely in fiscal terms – as an excessively rapid and potentially growth-destroying drive to cut deficits faster than the economy can structurally adjust and fill the gap in
aggregate
demand.
After all, restoring stability and growth is only partly about reviving short-term
aggregate
demand.
Achieving a sustainable pattern of growth requires choices that affect not just the level of
aggregate
demand, but also its composition – for example, investment versus consumption.
But the magnitude of the economic costs should not be exaggerated: after all, the
aggregate
GNP of the 10 applicant countries from the former communist bloc is smaller than the GNP of Holland!
Trade liberalisation does not decrease
aggregate
employment; instead, it changes the composition of the labour force, making the whole economy more efficient.
Persistently low employment and near-zero
aggregate
inflation do not suggest that they have erred on the side of profligacy.
But
aggregate
per capita GDP remains below 2007 levels.
When
aggregate
demand falls short of
aggregate
supply, governments must increase public spending.
If people devote more of their income to competing for scarce housing, driving up property prices and rents, GDP and “productivity” increase, because housing rent is included in GDP, even if the
aggregate
supply of housing services is unchanged.
Indeed, for ten years, north-to-south income transfers and lending financed excessive
aggregate
demand, making the eurozone seem stable.
While the decline in
aggregate
demand led to reduced imports, the combination of higher interest rates, lower public expenditure, tax increases, and wage deflation boosted unemployment and triggered recession.
The region’s total
aggregate
external debt stood at $75.6 billion in 2003, up from $56.6 billion in 2000, with Angola, Mozambique, and South Africa accounting for 75.9% of the total.
The idea behind the policy is that demand for labor is a constant, and that this fixed number of
aggregate
working hours required by employers to meet final demand can be spread more evenly among workers to reduce unemployment.
For the same reason, the lower price also gives a boost to
aggregate
demand in Europe, Asia, and other oil-importing regions.
But, to ensure this, macro and structural economic policies that boost
aggregate
demand, job creation and growth, reduce income and wealth inequality, provide economic opportunity to the young, and integrate rather than reject refugees and economic migrants will be needed.
Progress in economic thought after 1929 initially led to the argument that, in a depression, tariffs are justified because they would divert insufficient
aggregate
world demand to one’s goods at the expense of others.
The solution was obviously to forgo protectionism and increase
aggregate
demand instead.
With private consumption representing more than 70% of
aggregate
US demand, cutbacks in household spending will deepen the recession.
In addition, net foreign capital inflows are likely to dwindle for several quarters at least, affecting domestic monetary conditions while
aggregate
demand is weak.
If nominal and real depreciation (appreciation) of the deficit (surplus) countries fails to occur, the deficit countries’ falling domestic demand and the surplus countries’ failure to reduce savings and increase consumption will lead to a global shortfall in
aggregate
demand in the face of a capacity glut.
Many countries, including developing ones, will adopt defensive postures, some of which, such as making better use of the domestic market as a driver of growth, will have broadly positive impacts, even if growth prospects are somewhat diminished in the
aggregate.
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