Higher energy prices and the loss of real income and wealth triggers a costly adjustment process.
Interfere with the adjustment process by prosecuting people for insider trading and the market will take longer to adjust.
The Medicare program has plenty of authority to alter its risk-adjustment process in response to new evidence.
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Before we dismiss the regional-spending arguments though, consider the chicken and the egg aspect of the risk-adjustment process.
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The adjustment process should now be virtually complete, so the pressure on prices from this side should abate.
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Implementing pro-growth reforms as part of the fiscal adjustment process can minimize any economic cost that budget cuts may have.
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Government pressure to keep people in houses they cannot afford during housing busts keeps these homes off the market and slows the adjustment process.
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"Financial forces have been dominating the adjustment process in the euro area, " Mr. Gaspar told an audience of economic policy makers in Brussels on Tuesday.
We conclude that the demand-augmenting effect of an immigration shock is a significant secondary adjustment process that must be considered when assessing the distributional effects of immigration.
But economists believe the rapid rise of e-commerce has overwhelmed that adjustment process and that many of the jobs added in this sector could be scratched in January.
In addition, it leads to a disorderly adjustment process.
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Recent indicators suggest that the inventory adjustment process may have largely run its course in the motor vehicle sector, but remaining imbalances in some other industries may continue to impose some restraint on industrial production for a time.
But the fact that most employees have gotten used to thinking of anything less than a 3 percent raise as a pay cut means that this adjustment process happens a lot slower than it would have 50 or 90 years ago.
However, as inflation fears started to subside the RBA left rates on hold for a sixth meeting and in June said that inflation was likely to remain in its desired band and appeared to indicate that its policy adjustment process was over.
With inflation already likely to have peaked and with the ECB predicting a return to beneath the 2% target ceiling the policy adjustment process is becoming less of a factor, while one good shock is all it might take to unsaddle already fragile European confidence that could derail the euro once more.
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Although higher than last year, only 1, 138 students have found places in the "adjustment" process, out of 408, 000.
And I think that that kind of adjustment and negotiation process is tough.
"We all want the future of Seawolf hockey to be bright, so slowing down for reflection and adjustment of our process will serve us well, " Case said.
The biggest issue with the Household Survey is the seasonal adjustment (SA) process itself.
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Such a framework should recognise that the process of adjustment and reform will extend over a long time horizon (about ten years).
That attitude adjustment helped start the process.
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While lags are expected (economists speak of a J-curve effect that accounts for the process of adjustment to the new prices in both countries), a two or three year lag in an era of instant communications, cyberspace transactions, transnational production, and airtight supply chains is simply not credible.
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That adjustment was harder for Abdul-Jabbar to process than his cancer diagnosis in 2008.
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