As the analysis shows, the technical feasible investment productivity and the natural economic growth rate are determined the capital formation rate that realize the full employment, but mainly depend on the latter.
In Keynes's theory, the way to solve the insufficiency of effective demand is to strengthen the government interference, carry out the policies of deficit finance and monitory dilation to stimulate consumption, and increase investment so as to realize full employment.
According to related principles of economic policy science, there is not objective conflict between economy increase and sufficient employment. The main reason of "Okun's Paradox" in China is the incompatibility between economic objects and policy tools.
As the main force of the science and economy development of our country in the 21th century, postgraduates full-employment is very important for the development of social politics economy science and culture.
In market economy, the value of commodity production is varied, which includes the fulfillment of a group of objectives, i.e. the maximization of enterprise profit, the satisfaction of various desires, steady development of economy, adequate employment in comparatively stable price condition, the improvement of social welfare, the development of civilized social life, ecological conservation, the progress in political democracy, etc.
The target for China's employment can be briefly represented as the four aspects such as actively finding out jobs, obtaining various effects, realizing social equality, and advancing an adequate employment.
Empirical results presented below quantify the short-run trade-off between ending inflation and supporting full-employment output growth.
We use this approach to estimate the two components of potential GDP: the full-employment labour input and trend labour productivity.
If this rate comes to exceed that of Northern labour growth, a full-employment barrier is reached, pushing up Northern wages.
The Fed's inflationary full-employment policy between 1950 and 1970 reduced real interest rates relative to unskilled wages.
Cardiff University's graduates enjoy full-employment, and according to our conceptual framework, Cardiff's higher education system is classified as "nonactive" positional competition and "social" knowledge production.