Abstract
AD may be adequate to achieve full employment, but it may not be distributed where idle resources exist. This results from: dynamic changes in demand, e.g. jet planes are preferred to ships, and in supply, e.g. natural gas replaces coal in heating; frictions preventing adequate response of price system.
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© 1994 Jack Harvey
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Harvey, J. (1994). Balanced Regional Development. In: Economics Revision Guide. Palgrave, London. https://doi.org/10.1007/978-1-349-13313-0_35
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DOI: https://doi.org/10.1007/978-1-349-13313-0_35
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-60195-2
Online ISBN: 978-1-349-13313-0
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