In Keynesian economics, underemployment equilibrium is a situation with a persistent shortfall relative to full employment and potential output so that...

Underemployment is the underuse of a worker because their job does not use their skills, offers them too few hours, or leaves the worker idle. It is contrasted...

maximize profits. Finally, Keynesian macroeconomics points to underemployment equilibrium, where a surplus of labor (i.e., cyclical unemployment) co-exists...

market Sunspot equilibrium, an economic equilibrium in which non-fundamental factors affect prices or quantities Underemployment equilibrium, a situation...

fundamentals) and animal spirits. Coordination failure can lead to an underemployment equilibrium. Coordination failure also implies that fiscal policy can mitigate...

triggers a multiplier effect which draws the economy toward underemployment equilibrium. By the same token, strong demand results in unplanned reduction...

fell slowly. John Maynard Keynes explained that situation as an underemployment equilibrium where skeptic business prospects prevent companies from hiring...

replied that secular stagnation was just another name for Keynes's underemployment equilibrium. However, the sustained economic growth, beginning in 1940, undercut...

100 LU2: Combined rate of time-related underemployment and unemployment: [(persons in time-related underemployment + persons in unemployment) / labour force]...

disequilibrium in economics. This approach is also known as non-Walrasian theory, equilibrium with rationing, the non-market clearing approach, and non-tâtonnement...