AGGREGATE expenditure is the total amount spent of the economy’s output by all households, firms, foreigners as well as the government. The components of aggregate expenditure consist of household ...

Explore how aggregate demand and GDP connect and differ, using insights from Keynesian economics to understand macroeconomic principles.

This is a preview. Log in through your library . Abstract This paper estimates aggregate short-run and long-run import demand functions for the Philippines using data for the period 1960-2006. Results ...

Economic fluctuations can result from swings on the demand side (total nominal expenditures) or the supply side (general productive conditions). On the demand side, we should keep nominal expenditure ...

The paper revisits the empirical investment literature, which has established that aggregate business fixed investment is not found to be related linearly to marginal or average Tobin's q. The ...

An economy’s growth is like sailing on two boats tugged to each other. On one side is the supply or the production of goods and services. GDP, or gross domestic product, is the value the production ...