| United States. Congress. Senate. Committee on Finance - 1977 - 1388 lapas
...could fust spend your way out of a recession and increase employment by cutting taxes and boosting Government spending. I tell you, in all candour, that...inflation — the root of inflation being deficit spending — ie, people tell me this. They are demanding a change and Congress is the only force of government... | |
| United States. Congress. House. Committee on Banking, Finance, and Urban Affairs - 1977 - 338 lapas
...could just spend your way out of a recession and increase employment by cutting taxes and boosting Government spending. I tell you, in all candour, that...Callaghan, Prime Minister of England. And HE ought to know. 21 From my conversations with people, increasing millions of American consumers have come to equate... | |
| United States. Congress. House. Committee on Banking, Finance, and Urban Affairs - 1977 - 344 lapas
...could just spend your way out of a recession and increase employment by cutting taxes and boosting Government spending. I tell you, in all candour, that...Callaghan, Prime Minister of England. And HE ought to know. 21 From my conversations with people, increasing millions of American consumers have come to equate... | |
| Graham Ingham - 2000 - 228 lapas
...insofar as it ever did exist it only worked ... by injecting a bigger dose of inflation into the economy followed by a higher level of unemployment. That is the history of the last twenty years. That view prevailed in the ensuing negotiations both within the government and with... | |
| Susan Grant, Chris Vidler, Charles Smith - 2003 - 260 lapas
...candour that that option no longer exists. In so far as it existed in the past, it had always led to a bigger dose of inflation followed by a higher level of unemployment.' James Callaghan Relationship between Phillips curves and aggregate demand and aggregate supply The... | |
| Susan Grant, Chris Vidler - 2003 - 264 lapas
...candour that that option no longer exists. In so far as it existed in the past, it had always led to a bigger dose of inflation followed by a higher level of unemployment.' James Callaghan LRAS SRAS1 SRAS 3% 8% 10%^spc SPC1 Unemployment % Figure 5 The long run relationship... | |
| Anthony Seldon - 2007 - 19 lapas
...far as it ever did exist, it only worked - by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment - That is the history of the last twenty years.10 Thus the first of Crosland's presuppositions - that the economy could be brought... | |
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