Aggregate Demand Curves
Understanding of the aggregate demand curve depends on whether it is examined based on changes in demand as income changes, or as price change.
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Famous quotes containing the words aggregate, demand and/or curves:
“We cannot think of a legitimate argument why ... whites and blacks need be affected by the knowledge that an aggregate difference in measured intelligence is genetic instead of environmental.... Given a chance, each clan ... will encounter the world with confidence in its own worth and, most importantly, will be unconcerned about comparing its accomplishments line-by-line with those of any other clan. This is wise ethnocentricism.”
—Richard Herrnstein (1930–1994)
“That whatever a man says, promises, or resolves in passion he must stick to later on when he is cold and sober—this demand is among the heaviest burdens that weigh on humankind.”
—Friedrich Nietzsche (1844–1900)
“One way to do it might be by making the scenery penetrate the automobile. A polished black sedan was a good subject, especially if parked at the intersection of a tree-bordered street and one of those heavyish spring skies whose bloated gray clouds and amoeba-shaped blotches of blue seem more physical than the reticent elms and effusive pavement. Now break the body of the car into separate curves and panels; then put it together in terms of reflections.”
—Vladimir Nabokov (1899–1977)