It has been more than 80 years since the beginning of the Keynesian revolution in economics with the publication of John Maynard Keynes’ The General Theory of Employment, Interest, and Money in 1936.

It's tough enough for a small business to survive in a down economy, to say nothing of achieving hoped-for growth by opening additional locations, expanding a product line or targeting new markets.

Keynesian orthodoxy claims that the cause of recessions is a decline in so-called aggregate demand. Besides confusing ...

The aggregate supply curve is a concept in macroeconomics that, with the addition of the aggregate demand curve, shows the equilibrium level of prices and quantity in an economy. It is also used to ...

This paper explores the relative role of aggregate demand and supply shocks in affecting the output level and inflation rate in a low-income country vulnerable to various economic shocks. The study ...

Aggregate supply is the total value of goods or services in a market, sector or economy. Aggregate supply is used to show the amount of goods that can be produced at different price levels in a given ...

Which comes first: supply or demand? This question has serious policy implications, especially as President Barack Obama proposes $447 billion in additional stimulus spending in order to try to spur ...

MUMBAI, May 17 (Reuters) - India’s central bank said on Monday that the second wave of the COVID-19 pandemic in India has had a bigger impact on aggregate demand than on aggregate supply, and it ...

INFLATION is creeping up. The euro area's average rate of consumer-price inflation rose to 2.5% in the year to May, up from 1.6% in February and well above the 2% ceiling set by the European Central ...

Elements of Macro Economic Instability. The International Monetary Fund (IMF) characterizes macro-economic instability with absence of balance, disequilibrium, or inability to be financed sustainably ...

COVID-19 is battering the U.S. economy, causing many businesses to cut back and close down. Policymakers are considering a huge $1 trillion stimulus package with an array of subsidies designed to ...