In other words, if you enforce clearing in the money and product markets, you get clearing in the labour market.

Yes, that's Walras' Postulate. It also works the other way around: If you enforce clearing in the labour and goods market through a determined full-employment policy, then you make financial market clearing easier (because then all you have to do is prevent large discontinuities, and Walras' Postulate will take care of the rest).

- Jake

Friends come and go. Enemies accumulate.