Macroeconomic Regimes in Western ... - Google Bücher
(a) Structural Unemployment: It is also known as Marxian unemployment or long-term unemployment. It is due to slower growth of capital stock in the country. The entire labour force cannot be absorbed in productive employment, because there are not enough instruments of production to employ them. (b) Seasonal Unemployment: Seasonal unemployment arises because of the seasonal character of a particular productive activity so that people become unemployed during the slack season. Theory of Employment
Economics - Google Bücher
Brief Principles of Macroeconomics - Google Bücher
Essentials of Economics - Google Bücher
A "second edition" of The general theory - Google Bücher
Macroeconomics - Google Bücher
Readers Question: What are the effects of increased investment on aggregate demand in the short term and the long term. Investment means capital expenditure (e.g. purchasing machines or building bigger factory)Investment is a component of AD. – AD+ C+I+G+X-M.Investment spending takes about 15% of AD; it is not as significant as consumer spending which is 66%. If Investment increases, then ceteris paribus, AD will increase. However, it depends on the economic circumstances. e.g. if there was a situation of falling house prices and lower consumer spending, increased investment may be insufficient to increase AD. In the long term, higher investment may increase productive capacity and increase aggregate supply. Therefore, you could argue, investment enables a more sustainable increase in AD. Investment and Aggregate Demand | Economics Blog
The IS curve moves to the right, causing higher interest rates (i) and expansion in the "real" economy (real GDP, or Y). IS/LM model
How to Write a Bibliography - Examples in MLA Style Please note, all entries should be typed double-spaced. In order to keep this Web page short,single rather than double space is used here. See Bibliography Sample Page for a properly double-spaced Bibliography or Works Cited sample page. Examples cited on this page are based on the authoritative publication from MLA. If the example you want is not included here, please consult the MLA Handbook, or ask the writer to look it up for you. Format for entries: A single space is used after any punctuation mark.
Real wages in the US from 1964 to 2004 have fluctuated. They have remained mostly stagnant over this period of time. U.S. productivity and average real earnings, 1947-2008 Real wage - Wiki
(See Cover) TIME: We Are All Keynesians Now
Keynesian economics is a theory of total spending in the economy (called aggregate demand) and its effects on output and inflation. Although the term has been used (and abused) to describe many things over the years, six principal tenets seem central to Keynesianism. The first three describe how the economy works. 1. A Keynesian believes that aggregate demand is influenced by a host of economic decisions—both public and private—and sometimes behaves erratically. Keynesian Economics
The theories forming the basis of Keynesian economics were first presented by the British economist John Maynard Keynes in his book, The General Theory of Employment, Interest and Money, published in 1936, during the Great Depression. Keynes contrasted his approach to the aggregate supply-focused 'classical' economics that preceded his book. The interpretations of Keynes that followed are contentious and several schools of economic thought claim his legacy. Keynesian economists often argue that private sector decisions sometimes lead to inefficient macroeconomic outcomes which require active policy responses by the public sector, in particular, monetary policy actions by the central bank and fiscal policy actions by the government, in order to stabilize output over the business cycle. Keynesian economics advocates a mixed economy – predominantly private sector, but with a role for government intervention during recessions.
Keynes, Wage and Price 'Stickiness,' and Deflation | Dollars & Sense The General Theory and the Current Crisis: A Primer on Keynes’ Economics Intro | Pt. I | Pt. II | Pt. III | Pt. IV