IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-06358-1_12.html
   My bibliography  Save this book chapter

Short-term Models and Long-term Problems

In: Demand, Equilibrium and Trade

Author

Listed:
  • Alan Budd
  • Sean Holly

Abstract

Consider an economy of which the following statements are true: 1. Between 1955 and 1960 the average rate of unemployment was 1.2 per cent. Between 1975 and 1980 it was 5.5 per cent. 2. Between 1955 and 1960 the average annual rate of inflation was 3 per cent. Between 1975 and 1980 it was 16 per cent. 3. In 1960 the ratio of manufacturing output to GDP was 35 per cent. In 1980 it was 25 per cent. 4. In 1960 the ratio of imports to GDP was 25 per cent. In 1980 it was 30 per cent. 5. Between 1955 and 1960 the average annual growth of GDP was 2.6 per cent. Between 1975 and 1980 it was 1.1 per cent.

Suggested Citation

  • Alan Budd & Sean Holly, 1984. "Short-term Models and Long-term Problems," Palgrave Macmillan Books, in: A. Ingham & A. M. Ulph (ed.), Demand, Equilibrium and Trade, chapter 12, pages 213-235, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-06358-1_12
    DOI: 10.1007/978-1-349-06358-1_12
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-06358-1_12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.