An estimate of the difference between the level of effective demand required for a normal level of economic activity and the actual level during a recession. The deflationary gap thus provides an estimate of the amount by which effective demand needs to rise to restore a normal level of activity.
An in-depth examination of demand-determined output in economics, including historical context, key events, models, applicability, and related concepts.
An in-depth exploration of effective demand, contrasting it with notional demand, and examining its significance in economics, its historical context, applications, and associated concepts.
Comprehensive coverage of Keynesian Unemployment, its historical context, key elements, mathematical models, and practical implications.
An in-depth exploration of sound money, its historical context, types, key events, and its importance in maintaining stable purchasing power.
