{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/aggregate-demand",
 "identifier": "kaal:entity:aggregate-demand",
 "name": "Aggregate demand",
 "termCode": "aggregate-demand",
 "inDefinedTermSet": {
  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
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   "value": [
    "2017",
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 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3067615-011",
   "identifier": "kaal:claim:3067615-011",
   "text": "Adjusting the commercial benefits attached to a token operates as a quasi fiscal policy tool: increasing those benefits raises aggregate demand for a given token supply and can offset the depreciating effect of a large supply in circulation.",
   "abstract": "First, the increase in commercial benefits associated with a token heightens the aggregate demand of the given token supply. Second, commercial benefits associated with a token issuance can help offset depreciated supply scarcity",
   "citation": "Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017). SSRN: https://ssrn.com/abstract=3067615",
   "datePublished": "2017",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "tokens carrying discounts or other usage-linked commercial benefits"
   ],
   "source_pdf_sha256": "164ce15b9eb1e8847ebcb073f5b23a96b4974ad0308d77469a9455d4a1ebeb38",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3249860-010",
   "identifier": "kaal:claim:3249860-010",
   "text": "Increasing the commercial benefits attached to a token heightens the aggregate demand for that token's given supply, which is why benefit adjustment functions as a quasi-fiscal policy tool.",
   "abstract": "First, the increase in commercial benefits associated with a token heightens the aggregate demand of the given token supply.",
   "citation": "Wulf A. Kaal, Crypto Economics - The Top 100 Token Models Compared (2018). SSRN: https://ssrn.com/abstract=3249860",
   "datePublished": "2018",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [],
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  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/6421319-032",
   "identifier": "kaal:claim:6421319-032",
   "text": "Fiscal stimulus cannot restore employment that has been structurally eliminated by autonomous agents able to perform the same tasks at zero marginal cost, so the Keynesian transmission mechanism from aggregate demand to employment dissolves.",
   "abstract": "Fiscal stimulus designed to increase aggregate demand cannot restore employment that has been structurally eliminated by autonomous agents capable of performing the same tasks at zero marginal cost.",
   "citation": "Wulf A. Kaal, The Collapse of Scarcity Economics (2026). SSRN: https://ssrn.com/abstract=6421319",
   "datePublished": "2026",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "applies where AI substitutes for labor across cognitive and physical domains"
   ],
   "source_pdf_sha256": "0f4f68e56ee48bb8b2d73d3ab7fd96fa572e76c195694ffa740360704c1b172d",
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 ],
 "description": "3 claims in the published works of Wulf A. Kaal carry the concept tag 'aggregate-demand'. Derived node: a roster, not an adjudicated definition."
}