The main plank of Keynes’s theory, which has come to bear his name, is the assertion that aggregate demand—measured as the sum of spending by households, businesses, and the government—is the most ...
Demand-pull inflation is an increase in aggregate demand. "Aggregate" means all four sections of the economy: households, businesses, governments, and foreign buyers. Cost-push inflation and ...
China's upcoming stimulus program may need to be one of greater intensity than the one initiated 10 years ago in order to revive the world's second-largest economy from a lingering downward spiral of ...