| 单词 | demand management |
| 释义 | demand management The use of monetary and fiscal policy to influence the level of aggregate real effective demand in the economy. Policy-makers may aim at various targets: a high and stable level of activity and employment; a somewhat lower level, designed to cure inflation; or the balance of payments. Whatever the aim, the monetary and fiscal authorities can only influence the level of effective demand, and cannot decide it: this is done by a large number of decentralized consumers, investors and export customers. Demand management may be content with trying to avoid large deviations of effective demand from target, or may attempt ‘fine-tuning’, attempting to control effective demand more closely and on a shorter time-scale. Critics argue that because of lags in both information and the effects of policies, attempts at fine-tuning may actually tend to destabilize rather than stabilize the economy. |
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