A phenomenon in which aggregate demand in an economy outpaces aggregate supply, causing prices to increase.
An in-depth explanation of aggregate demand, its components, and significance in both closed and open economies.
A comprehensive entry exploring the concept of aggregate demand schedule in economics, including definitions, historical context, and analytical frameworks.
A comprehensive analysis and understanding of the economic term 'Debt Deflation'
A comprehensive overview of the concept of demand function including its definition, historical context, major analytical frameworks, and case studies.
A form of unemployment resulting from inadequate aggregate demand, leading to insufficient job creation in the economy.
The economics term 'inflationary gap' refers to the excess of the actual level of economic activity over the level corresponding to the non-accelerating inflation rate of unemployment, leading to increased inflation.
An economic theory focusing on the role of aggregate demand in influencing economic outcomes, developed by John Maynard Keynes in the 1930s.
The concept of the Pigou effect and its implications in economic theory.
