A
Absolute convergence, 451
Absorption approach, 139–140
Active crawling peg, exchange rate parity in, 150
AD
curve.
See
Aggregate demand curve
Adaptive expectations hypothesis, 214
Adjustable peg, exchange rate parity in, 150
Adjustment costs, 96
level of investment to maximize profits, 98
Tobin’s marginal Q, 98–99
Adjustment lags, 138
Affective systems, 67
Aggregate demand curve, 195, 236, 267–270,
290–291, 327
policy lags, 276–279
shifts, 268–270
Aggregate domestic income, 11, 13
Aggregate economy, 79
Aggregate expenditure, components, 15–19
Aggregate income,
definition, 4
omissions in estimation of, 5–6
and welfare, ...
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