This concept's namesake curve slopes downward because of the Mundell-Fleming exchange-rate effect, Pigou' s wealth effect, and Keynes' interest rate effect.
This concept's namesake curve slopes downward because of the Mundell-Fleming exchange-rate effect, Pigou' s wealth effect, and Keynes' interest rate effect. In Das Kapital, Marx rejected the correlation between this concept and expenditure on GDP. This concept is also used to model the use of "disposable income" in the Keynesian Cross. For 10 points, name this concept, whose name is defined as the total purchases of goods and services in the economy at a given time and price level, often contrasted with supply
This concept's namesake curve slopes downward because of the Mundell-Fleming exchange-rate effect, Pigou' s wealth effect, and Keynes' interest rate effect.
{demand} curve (accept aggregate {demand})