When using the Keynesianism theory of aggregate supply and aggregate demand, economic can be both desirable and undesirable. Firstly, economic growth at its most basic level increases GDP and employment. If consumers are spending more money, whether it is by increased consumer confidence, lower inte...
Over a sample of nineteen industrial countries, more variable aggregate demand and/or higher mean inflation attenuates (augments) the effect of aggregate demand shocks on real output growth (wage and price inflation) while having no effect on the response of the real wage to such shocks. In ...
In particular, do changes in money have additional effects on aggregate demand outside of those induced by changes in short-term nominal interest rates? This article revisits and reinterprets the empirical evidence based on single equation regressions which is quite mixed, with some results ...
Quarterly Journal of Economics (1989) CaskeyJohn P. et al. Debt, Price Flexibility, and Aggregate Stability Revue d'Economie Politique (1992) DeLongJ. Bradford et al. Is Increased Price Flexibility Stabilizing? American Economic Review (1986)View more references ...
aggregate production planningdemand and forecast uncertaintyThe hierarchical structure of production planning has the advantage of assigning different decision variables to their respective time horizons and therefore ensures their manageability. However, the restrictive structure of this top-down approach ...
The income has increased in a minor effect on the elimination of payroll subsidies.a. What will be the effect of the demand? Of the offer? b. What will be the price of balance? Amount of balance? c. What is the effect on consumer surplus? Producer surpl ...
Positive demand shocks cause aggregate demand to increase. As shown below, the entire demand curve shifts right. We see that, at any price, the quantity demanded’s increased. There can be many factors that can lead to a positive demand shock. Some of them include: ...
[translate] aThe dynamic effects of aggregate demand and supply disturbances. American Economic Review 79, 655-673. 聚集需求干扰的动力效应。 美国经济Review79, 655-673。[translate]
aEffects on aggregate demand resulting from changes in payments technology are not limited to base money (or other measures of money). All economic relationships are, in principle, affected by changes in payments technology. The size of the effect, and its disruptive consequences, is an e 作用...
The effects of a currency crisis include hyperinflation, decreased real wages, increased unemployment, an increased debt burden, and lower output. The Bottom Line Currency crises can come in multiple forms but are largely formed when investor sentiment and expectations do not match the economic outloo...