The authors argue that demand is a function of income. Groups with different income have different levels of demand, which constitutes the aggregate consumption demand.
笔者认为,需求是收入的函数,收入不同的群体其需求水平也不同,而各收入群体的消费需求即构成总消费需求。
Credit consumption based on financial inflation expands aggregate demand, import volume, and then current account deficit of the US.
基于金融膨胀的负债消费扩大了美国的需求和进口,因此美国与亚洲为主的其他国家之间形成经常帐户失衡。
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