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 ...

Modern AI technology is data-hungry. In many areas, data is scarce. For example, in our work in early oncology clinical trials, we only have data on about 20 patients, so we tend to use theory-based ...

Today the two fields coexist and complement each other. Microeconomics, in its examination of the behavior of individual consumers and firms, is divided into consumer demand theory, production theory ...

The quantity theory believes that the value of money, and the resulting inflation, are caused by the supply and demand of the currency. There are situations where increases in the money supply do ...