The inflation, in economics, is the sustained and widespread increase prices on goods and services.
The global aggregate demand or represents the amount of goods and services to residents, businesses, public administrations and the rest of the world want and can eat at a country level determined price.
Keynes was an economist notable that attempts to respond to the crisis of 1929. In his work, "General Theory Employment, Interest and Money" published in 1936, analyzed the causes of worldwide depression and proposed a series recipes for solving it. He claimed that the engine of the economy would have to build on the proper relationship between supply and consumption, as it depended on corporate profits and investment.
For those who want a simple explanation of the serious problems of unemployment and inflation since keymesiano point of view, I recommend this video:
0 comments:
Post a Comment