It may also be inconsistent with America's toxic-asset plan, which needs loans and securities to be carried at market-clearing prices to work.
这也可能与美国的不良资产救援计划相悖,后者需要贷款和证券以市场清理价格计值才能运行。
2
Most of it was in the West. Western workers were able to pay themselves above the global "market-clearing" price because they faced little, if any, competition from elsewhere.
Because Hoover insisted that wage rates stay the same, even though the market-clearing wage rate was falling with productivity and general prices, the result was larger and larger unemployment.