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.
Read more about this topic: Aggregate Demand
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 (19301994)
“We now demand the light artillery of the intellect; we need the curt, the condensed, the pointed, the readily diffusedin place of the verbose, the detailed, the voluminous, the inaccessible. On the other hand, the lightness of the artillery should not degenerate into pop-gunneryby which term we may designate the character of the greater portion of the newspaper presstheir sole legitimate object being the discussion of ephemeral matters in an ephemeral manner.”
—Edgar Allan Poe (18091845)
“At the end of every diet, the path curves back toward the trough.”
—Mason Cooley (b. 1927)