George Akerlof - In New Classical theory, periods of declining employment - business cycle downturns...

George Akerlof Zitate

In New Classical theory, periods of declining employment - business cycle downturns - may be caused by an unexpected decline in aggregate demand, which leaves workers mistakenly holding out for nominal wages that exceed the new market-clearing level.

George Akerlof

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Deutsche Übersetzung

In der Theorie der Neuen Klassik können Perioden des Beschäftigungsrückgangs - Konjunkturrückgänge - durch einen unerwarteten Rückgang der Gesamtnachfrage verursacht werden, der dazu führt, dass die Arbeiter fälschlicherweise auf Nominallöhne achten, die über dem neuen Marktklärungsniveau liegen.

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