It expresses a direct relationship between what producers supply and what consumers demand in an economy and how that relationship affects the price of a specific product or service. Aggregate ...

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 ...

Hence, the poor are finding it hard to make ends meet. The lesson of history is that the aggregate demand plays an important role in sustaining the level of economic activity. Since the poor have ...