Aggregate Demand
Y = C + I + G whereby Y is output, C is consumption, I is investment and G is government spending
Read more about this topic: Classical General Equilibrium Model
Famous quotes containing the words aggregate and/or demand:
“We think of religion as the symbolic expression of our highest moral ideals; we think of magic as a crude aggregate of superstitions. Religious belief seems to become mere superstitious credulity if we admit any relationship with magic. On the other hand our anthropological and ethnographical material makes it extremely difficult to separate the two fields.”
—Ernst Cassirer (18741945)
“Great things demand that we either remain silent about them or speak in a great manner: in a great manner, that iscynically and with innocence.”
—Friedrich Nietzsche (18441900)
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