Problems of Economic Adjustment in the Atlantic Community |
Common terms and phrases
achieved adjustment adjustment mechanism alternative authorities average balance of payments balance-of-payments billion capacity capital cause cent changes combined Common Market compared competitiveness considerably controls costs per unit course currencies defense deficit countries demand dollar economic effective European excessive unemployment exchange rates existing expansion export prices factors favorable fiscal policy flexible exchange foreign aid Germany given gold standard greater growth rate higher important improve increase industrial inflation interest investment Italy labor force largely less level of employment liabilities liquidity long run loss Maßnahmen means methods monetary and fiscal necessary needs partly pays Percentage period politiche position possible present system problem productivity proportion recent reduction reflected relation relative require reserves restraint restrictions rise share short term solution sufficiently surplus countries sviluppo trade true unemployment unit of output United Kingdom wage and price wage costs