by lopi216 May 15, 2022
Get the moms demand action mug.*noun*; a concept central to the idea of Keynesian economics. Under this theory, business cycles (recessions, depressions, booms, recoveries) are caused by a failure of total demand across the entire economy to match total output.
Aggregate demand is not merely influenced by people's ability to buy what they produce; it is also influenced by the marginal propensity to consume (MPC). If the MPC is less than 1, then an increase in national income will be matched by a smaller increase in aggregate demand, causing unemployment to rise and prices to fall.
Aggregate demand is not merely influenced by people's ability to buy what they produce; it is also influenced by the marginal propensity to consume (MPC). If the MPC is less than 1, then an increase in national income will be matched by a smaller increase in aggregate demand, causing unemployment to rise and prices to fall.
...When we say that the expectation of an increased demand, i.e. a raising of the aggregate demand function, will lead to an increase in aggregate output, we really mean that the firms, which own the capital equipment, will be induced to associate with it a greater aggregate employment of labour
J.M. Keynes, *The General Theory of Employment, Interest, and Money* (1936), Ch.4
J.M. Keynes, *The General Theory of Employment, Interest, and Money* (1936), Ch.4
by Abu Yahya March 3, 2009
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by gorilla adam March 25, 2007
Get the box on demand mug.this weird crazy girl who looks like a peacock. and has dejavus....
shes the best friend in the world though.
and she hurts herself a lot....
shes the best friend in the world though.
and she hurts herself a lot....
1. Delaine: "Ow."
Sierra: "What happened?"
Delaine: "I fell off the teeter totter & banged my head on a metal box.
2. Delaine: "I peed on a floating toilet."
Sierra: "What happened?"
Delaine: "I fell off the teeter totter & banged my head on a metal box.
2. Delaine: "I peed on a floating toilet."
by heheshawty October 19, 2008
Get the delaine mug.To foresaken one's manhood.
When a suppository is inserted in to a man's rectum and/or when a prisoner drops the soap.
Guy 1: Dude, watch out for the stomach flu. I heard some dude had to go to Urgent care and totally got demanalized. He's been curled up in a ball sucking his thumb for the past 3 days.
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Guy 2: Damn...we should go buy him a hooker.
by EER41 December 7, 2006
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