Aggregate planning accounts for all resources a company has to meet projected demands. The balance of inventory, labor, demand and variations in demand can save money. The planner must use a time ...

Get the latest news and market analysis from our in-house experts. Real GDP shows the value of an economy’s output, adjusted for any changes in inflation, interest rates or other factors which could ...

What explains the sharp decline in U.S. employment from 2007 to 2009? Why has employment remained stubbornly low? Survey data from the National Federation of Independent Businesses show that the ...

In economics, the consumer surplus is the satisfaction a consumer receives when purchasing a good or service. Graphically, it is depicted as the triangle-shaped area formed by the aggregate demand ...

The American Economic Review, Vol. 77, No. 4 (Sep., 1987), pp. 647-666 (20 pages) How important is monopolistic competition to an understanding of the effects of aggregate demand on output? We ask the ...

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.

I like Joe Stiglitz, both professionally and personally. His Globalization and its Discontents was virtually the only work by a Nobel Laureate economist that I cited favourably in my Debunking ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Katrina Ávila Munichiello is an experienced ...

This is a preview. Log in through your library . Abstract This paper presents a model of business cycles driven by shocks to consumer expectations regarding aggregate productivity. Agents are hit by ...