The benchmark macroeconomic model, though not junk, suffers from some obvious flaws, such as the assumption of complete markets or frictionless finance.

尽管宏观经济基准模型并非垃圾，但受制于某些明显的缺陷，如完全市场假设或无缺陷金融等。

youdao

Given the precarious nature of GE Capital's funding structure, GE should have been alert to the risk of a complete dislocation in financial markets.

考虑到GE金融这种脆弱的拨款体系结构，GE本应该对其在金融市场的彻底转位的风险感到警惕。

youdao

The next step is the complete collapse of the markets of the economy. People just refuse to accept money.

下一步就是整个经济中的市场陷落崩溃阶段。

youdao

Much of modern macroeconomics has been about how, and whether, his ideas fit into the formal microeconomic building blocks of rational behaviour and complete markets.

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And you could have had a complete collapse of the financial markets.

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