72 relations: AD–AS model, Aggregate supply, Aggregation problem, Austrian School, Autonomous consumption, Consumables, Consumption (economics), Consumption function, Currency, Current account, Debt, Debt deflation, Debt relief, Deficit spending, Deflation, Economic bubble, Economic surplus, Effective demand, Excess demand function, Excess supply, Export, Factory, Financial crisis, Financial market, Friedrich Hayek, GDP deflator, Government, Great Depression, Gross (economics), Gross domestic product, Henry Hazlitt, Induced demand, Inflation, Interest rate, Investment, Involuntary unemployment, Irving Fisher, IS–LM model, Keynes effect, Keynesian economics, Macroeconomics, Marginal propensity to consume, Marshallian demand function, Microeconomics, Money, Money supply, Mundell–Fleming model, National Income and Product Accounts, Net worth, Output (economics), ..., Physical capital, Pigou effect, Post-Keynesian economics, Potential output, Price level, Private sector, Public expenditure, Real gross domestic product, Real versus nominal value (economics), Recession, Reproduction (economics), Scarcity, Shortage, Steve Keen, Supply and demand, Supply shock, Tax, The General Theory of Employment, Interest and Money, Theory, Velocity of money, Virtuous circle and vicious circle, Wall Street Crash of 1929. Expand index (22 more) »
AD–AS model
The AD–AS or aggregate demand–aggregate supply model is a macroeconomic model that explains price level and output through the relationship of aggregate demand and aggregate supply.
New!!: Aggregate demand and AD–AS model · See more »
Aggregate supply
In economics, aggregate supply (AS) or domestic final supply (DFS) is the total supply of goods and services that firms in a national economy plan on selling during a specific time period.
New!!: Aggregate demand and Aggregate supply · See more »
Aggregation problem
An aggregate in economics is a summary measure describing a market or economy.
New!!: Aggregate demand and Aggregation problem · See more »
Austrian School
The Austrian School is a school of economic thought that is based on methodological individualism—the concept that social phenomena result from the motivations and actions of individuals.
New!!: Aggregate demand and Austrian School · See more »
Autonomous consumption
Autonomous consumption (also exogenous consumption) is the consumption expenditure that occurs when income levels are infinite.
New!!: Aggregate demand and Autonomous consumption · See more »
Consumables
Consumables (also known as consumable goods, nondurable goods, or soft goods) are goods that are intended to be consumed.
New!!: Aggregate demand and Consumables · See more »
Consumption (economics)
Consumption is the process in which consumers (customers or buyers) purchase items on the market.
New!!: Aggregate demand and Consumption (economics) · See more »
Consumption function
In economics, the consumption function describes a relationship between consumption and disposable income.
New!!: Aggregate demand and Consumption function · See more »
Currency
A currency (from curraunt, "in circulation", from currens, -entis), in the most specific use of the word, refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins.
New!!: Aggregate demand and Currency · See more »
Current account
In economics, a country's current account is one of the two components of its balance of payments, the other being the capital account (also known as the financial account).
New!!: Aggregate demand and Current account · See more »
Debt
Debt is when something, usually money, is owed by one party, the borrower or debtor, to a second party, the lender or creditor.
New!!: Aggregate demand and Debt · See more »
Debt deflation
Debt deflation is a theory that recessions and depressions are due to the overall level of debt rising in real value because of deflation, causing people to default on their consumer loans and mortgages.
New!!: Aggregate demand and Debt deflation · See more »
Debt relief
Debt relief or debt cancellation is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations.
New!!: Aggregate demand and Debt relief · See more »
Deficit spending
Deficit spending is the amount by which spending exceeds revenue over a particular period of time, also called simply deficit, or budget deficit; the opposite of budget surplus.
New!!: Aggregate demand and Deficit spending · See more »
Deflation
In economics, deflation is a decrease in the general price level of goods and services.
New!!: Aggregate demand and Deflation · See more »
Economic bubble
An economic bubble or asset bubble (sometimes also referred to as a speculative bubble, a market bubble, a price bubble, a financial bubble, a speculative mania, or a balloon) is trade in an asset at a price or price range that strongly exceeds the asset's intrinsic value.
New!!: Aggregate demand and Economic bubble · See more »
Economic surplus
In mainstream economics, economic surplus, also known as total welfare or Marshallian surplus (after Alfred Marshall), refers to two related quantities.
New!!: Aggregate demand and Economic surplus · See more »
Effective demand
In economics, effective demand (ED) in a market is the demand for a product or service which occurs when purchasers are constrained in a different market.
New!!: Aggregate demand and Effective demand · See more »
Excess demand function
In microeconomics, an excess demand function is a function expressing excess demand for a product—the excess of quantity demanded over quantity supplied—in terms of the product's price and possibly other determinants.
New!!: Aggregate demand and Excess demand function · See more »
Excess supply
In economics, an excess supply or economic surplus is a situation in which the quantity of a good or service supplied is more than the quantity demanded, and the price is above the equilibrium level determined by supply and demand.
New!!: Aggregate demand and Excess supply · See more »
Export
The term export means sending of goods or services produced in one country to another country.
New!!: Aggregate demand and Export · See more »
Factory
A factory or manufacturing plant is an industrial site, usually consisting of buildings and machinery, or more commonly a complex having several buildings, where workers manufacture goods or operate machines processing one product into another.
New!!: Aggregate demand and Factory · See more »
Financial crisis
A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value.
New!!: Aggregate demand and Financial crisis · See more »
Financial market
A financial market is a market in which people trade financial securities and derivatives such as futures and options at low transaction costs.
New!!: Aggregate demand and Financial market · See more »
Friedrich Hayek
Friedrich August von Hayek (8 May 189923 March 1992), often referred to by his initials F. A. Hayek, was an Austrian-British economist and philosopher best known for his defense of classical liberalism.
New!!: Aggregate demand and Friedrich Hayek · See more »
GDP deflator
In economics, the GDP deflator (implicit price deflator) is a measure of the level of prices of all new, domestically produced, final goods and services in an economy.
New!!: Aggregate demand and GDP deflator · See more »
Government
A government is the system or group of people governing an organized community, often a state.
New!!: Aggregate demand and Government · See more »
Great Depression
The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.
New!!: Aggregate demand and Great Depression · See more »
Gross (economics)
No description.
New!!: Aggregate demand and Gross (economics) · See more »
Gross domestic product
Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.
New!!: Aggregate demand and Gross domestic product · See more »
Henry Hazlitt
Henry Stuart Hazlitt (November 28, 1894July 9, 1993) was an American journalist who wrote about business and economics for such publications as The Wall Street Journal, The Nation, The American Mercury, Newsweek, and The New York Times.
New!!: Aggregate demand and Henry Hazlitt · See more »
Induced demand
Induced demand, or latent demand, is the phenomenon that after supply increases, more of a good is consumed.
New!!: Aggregate demand and Induced demand · See more »
Inflation
In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.
New!!: Aggregate demand and Inflation · See more »
Interest rate
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed (called the principal sum).
New!!: Aggregate demand and Interest rate · See more »
Investment
In general, to invest is to allocate money (or sometimes another resource, such as time) in the expectation of some benefit in the future – for example, investment in durable goods, in real estate by the service industry, in factories for manufacturing, in product development, and in research and development.
New!!: Aggregate demand and Investment · See more »
Involuntary unemployment
Involuntary unemployment occurs when a person is willing to work at the prevailing wage yet is unemployed.
New!!: Aggregate demand and Involuntary unemployment · See more »
Irving Fisher
Irving Fisher (February 27, 1867 – April 29, 1947) was an American economist, statistician, inventor, and Progressive social campaigner.
New!!: Aggregate demand and Irving Fisher · See more »
IS–LM model
The IS–LM model, or Hicks–Hansen model, is a macroeconomic tool that shows the relationship between interest rates (ordinate) and assets market (also known as real output in goods and services market plus money market, as abscissa).
New!!: Aggregate demand and IS–LM model · See more »
Keynes effect
The Keynes effect is the effect that changes in the price level have upon goods market spending via changes in interest rates.
New!!: Aggregate demand and Keynes effect · See more »
Keynesian economics
Keynesian economics (sometimes called Keynesianism) are the various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced by aggregate demand (total demand in the economy).
New!!: Aggregate demand and Keynesian economics · See more »
Macroeconomics
Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.
New!!: Aggregate demand and Macroeconomics · See more »
Marginal propensity to consume
In economics, the marginal propensity to consume (MPC) is a metric that quantifies induced consumption, the concept that the increase in personal consumer spending (consumption) occurs with an increase in disposable income (income after taxes and transfers).
New!!: Aggregate demand and Marginal propensity to consume · See more »
Marshallian demand function
In microeconomics, a consumer's Marshallian demand function (named after Alfred Marshall) specifies what the consumer would buy in each price and income or wealth situation, assuming it perfectly solves the utility maximization problem.
New!!: Aggregate demand and Marshallian demand function · See more »
Microeconomics
Microeconomics (from Greek prefix mikro- meaning "small") is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
New!!: Aggregate demand and Microeconomics · See more »
Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.
New!!: Aggregate demand and Money · See more »
Money supply
In economics, the money supply (or money stock) is the total value of monetary assets available in an economy at a specific time.
New!!: Aggregate demand and Money supply · See more »
Mundell–Fleming model
The Mundell–Fleming model, also known as the IS-LM-BoP model (or IS-LM-BP model), is an economic model first set forth (independently) by Robert Mundell and Marcus Fleming.
New!!: Aggregate demand and Mundell–Fleming model · See more »
National Income and Product Accounts
The national income and product accounts (NIPA) are part of the national accounts of the United States.
New!!: Aggregate demand and National Income and Product Accounts · See more »
Net worth
Net worth is the value of all the non-financial and financial assets owned by an institutional unit or sector minus the value of all its outstanding liabilities.
New!!: Aggregate demand and Net worth · See more »
Output (economics)
Output in economics is the "quantity of goods or services produced in a given time period, by a firm, industry, or country", whether consumed or used for further production.
New!!: Aggregate demand and Output (economics) · See more »
Physical capital
In economics, physical capital or just capital is a factor of production (or input into the process of production), consisting of machinery, buildings, computers, and the like.
New!!: Aggregate demand and Physical capital · See more »
Pigou effect
In economics, the Pigou effect is the stimulation of output and employment caused by increasing consumption due to a rise in real balances of wealth, particularly during deflation.
New!!: Aggregate demand and Pigou effect · See more »
Post-Keynesian economics
Post-Keynesian economics is a school of economic thought with its origins in The General Theory of John Maynard Keynes, with subsequent development influenced to a large degree by Michał Kalecki, Joan Robinson, Nicholas Kaldor, Sidney Weintraub, Paul Davidson, Piero Sraffa and Jan Kregel.
New!!: Aggregate demand and Post-Keynesian economics · See more »
Potential output
In economics, potential output (also referred to as "natural gross domestic product") refers to the highest level of real gross domestic product (potential output) that can be sustained over the long term.
New!!: Aggregate demand and Potential output · See more »
Price level
The general price level is a hypothetical daily measure of overall prices for some set of goods and services (the consumer basket), in an economy or monetary union during a given interval (generally one day), normalized relative to some base set.
New!!: Aggregate demand and Price level · See more »
Private sector
The private sector is the part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the State.
New!!: Aggregate demand and Private sector · See more »
Public expenditure
Public expenditure is spending made by the government of a country on collective needs and wants such as pension, provision, infrastructure, etc.
New!!: Aggregate demand and Public expenditure · See more »
Real gross domestic product
Real Gross Domestic Product (real GDP) is a macroeconomic measure of the value of economic output adjusted for price changes (i.e., inflation or deflation).
New!!: Aggregate demand and Real gross domestic product · See more »
Real versus nominal value (economics)
In economics, a real value of a good or other entity has been adjusted for inflation, enabling comparison of quantities as if prices had not changed.
New!!: Aggregate demand and Real versus nominal value (economics) · See more »
Recession
In economics, a recession is a business cycle contraction which results in a general slowdown in economic activity.
New!!: Aggregate demand and Recession · See more »
Reproduction (economics)
In Marxian economics, economic reproduction refers to recurrent (or cyclical) processes.
New!!: Aggregate demand and Reproduction (economics) · See more »
Scarcity
Scarcity refers to the limited availability of a commodity, which may be in demand in the market.
New!!: Aggregate demand and Scarcity · See more »
Shortage
In economics, a shortage or excess demand is a situation in which the demand for a product or service exceeds its supply in a market.
New!!: Aggregate demand and Shortage · See more »
Steve Keen
Steve Keen (born 28 March 1953) is an Australian economist and author.
New!!: Aggregate demand and Steve Keen · See more »
Supply and demand
In microeconomics, supply and demand is an economic model of price determination in a market.
New!!: Aggregate demand and Supply and demand · See more »
Supply shock
A supply shock is an event that suddenly increases or decreases the supply of a commodity or service, or of commodities and services in general.
New!!: Aggregate demand and Supply shock · See more »
Tax
A tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures.
New!!: Aggregate demand and Tax · See more »
The General Theory of Employment, Interest and Money
The General Theory of Employment, Interest and Money of 1936 is the last and most important book by the English economist John Maynard Keynes.
New!!: Aggregate demand and The General Theory of Employment, Interest and Money · See more »
Theory
A theory is a contemplative and rational type of abstract or generalizing thinking, or the results of such thinking.
New!!: Aggregate demand and Theory · See more »
Velocity of money
Similar chart showing the velocity of a broader measure of money that covers M2 plus large institutional deposits, M3. The US no longer publishes official M3 measures, so the chart only runs through 2005. The term "velocity of money" (also "The velocity of circulation of money") refers to how fast money passes from one holder to the next.
New!!: Aggregate demand and Velocity of money · See more »
Virtuous circle and vicious circle
The terms virtuous circle and vicious circle (also referred to as virtuous cycle and vicious cycle) refer to complex chains of events that reinforce themselves through a feedback loop.
New!!: Aggregate demand and Virtuous circle and vicious circle · See more »
Wall Street Crash of 1929
The Wall Street Crash of 1929, also known as Black Tuesday (October 29), the Great Crash, or the Stock Market Crash of 1929, began on October 24, 1929 ("Black Thursday"), and was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its after effects.
New!!: Aggregate demand and Wall Street Crash of 1929 · See more »
Redirects here:
Aggregate Demand, Aggregate Demand Curve, Aggregate demand curve, Aggregate demand theory, Aggregation of individual demand to market demand, Aggregation of individual demand to total demand, Aggregation of individual demand to total, or market, demand, Agrigate demand, Dis-aggregation, Disaggregation, Effective aggregate demand, Equation for aggregate demand, Household demand, Keynesian aggregate demand, Keynesian formula, Reaggregation.
References
[1] https://en.wikipedia.org/wiki/Aggregate_demand