Previously, all crude was tied up by the big companies in inelastic long-term contracts.
在这之前,所有原油公司以硬性长期合约的形式限制住了。
Thus a rise in the money-rate of interest retards the output of all the objects of which the production is elastic without being capable of stimulating the output of money (the production of which is, by hypothesis, perfectly inelastic).
因此,货币利率的上升会阻碍所有具有生产弹性的物品的生产,而不能刺激货币的生产(根据假设,货币的生产是完全无弹性的)。
But, in general, the demand for some services and commodities will reach a level beyond which their supply is, for the time being, perfectly inelastic, whilst in other directions there is still a substantial surplus of resources without employment.
但是,总的来说,对某些服务和商品的需求将达到一个水平,超过这个水平,它们的供应暂时将完全缺乏弹性,而在其他方面,仍然存在量没有就业的资源过剩。