Demand or Supply?
Typically, supply and demand are equal, and, if not, powerful forces push them towards each other. But, with high and persistent levels of unemployment in the US, there is a real question about the nature of the problem: is aggregate demand too low, or are there problems with supply?
https://prosyn.org/BGNWrO4
CHICAGO – Economics is all about demand and supply. Typically, the two are equal, and, if not, powerful forces push them towards each other. But, with high and persistent levels of unemployment in the United States, there is a real question about the nature of the problem: is aggregate demand too low, or are there problems with supply?