I don’t understand aggregate demand

posted by
October 27, 2011
Cafe Hayek
by Russ Roberts  
Posted in Commentary

"Does an increase in aggregate demand increase employment? Yes, if by an increase in aggregate demand you mean people buying and selling more from each other where buying and selling includes consumers and manufacturers. The above statement has virtually no informational content." (10/27/11)

http://bit.ly/rWIDEA  

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