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The Excess Demand Multiplier and the Full Employment Zone
The Trend Multiplier and Accelerator and their Interaction
The Dynamics of Trend and cycle and Stabilisation Policy
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accelerator effects accelerator relations actual Yi aggregate demand schedule allow animal spirits assumed assumptions capital stock adjustment causes choice of technique classical economics continuum cost inflation cyclical investment depends desired output determined double-switching dynamic equilibrium employment cycle ex ante analysis ex post analysis ex post economics excess demand multiplier expected equilibrium path fall fiscal policy full employment zone horizon ignorance income increase increment investment function isoquant Keynes Keynes's labour supply level of animal Lipsey effect lower intersection macroeconomic marginal product maximisation method monetarist monetary policy multiplier and accelerator neo-classical neo-classical economics occur optimum output function Pareto principle period phase Post-Keynesian economics production function rate of interest rational behaviour real wage demands real wage rate result sector shift shown in figure slope stabilisation policy stationary stock adjustment effect structural disequilibrium supply curve trend accelerator trend growth rate trend investment trend multiplier turning point Underemployment equilibrium Yi locus