by rainbowned May 7, 2009
Get the Faggregate 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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(adj.) fag-ruh-vey-tid British
The state of not smoking for a while and becoming aggravated.
Origin: Fag + Aggravated
From the British term fag to mean cigarette.
The state of not smoking for a while and becoming aggravated.
Origin: Fag + Aggravated
From the British term fag to mean cigarette.
Person 1: "I hope we get our smoking break soon."
Person 2: "Yeah dude, you're getting proper faggravated."
Person 2: "Yeah dude, you're getting proper faggravated."
by Tehgote April 7, 2017
Get the faggravated mug.by Will Burr November 6, 2009
Get the Faggerate mug.(adj.) the state of moral reproach once a person's thresh hold of tolerance for homosexual behavior has been surpassed
homophobia intolerance
homophobia intolerance
by David December 30, 2004
Get the faggrivated mug."I understand the right to free speech, but this whole Chick-fil-A issue has got me so faggravated!"
by SnazzyChaz August 17, 2012
Get the faggravated mug.Trucks were showing significant damage from the excessive transportational aggregate found on highway 71.
by ataraxis July 5, 2009
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