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Further developments of the multiplier theory
The multiplier theory in J M Keynes theory
The basic difference between Kahns and Keynes
10 other sections not shown
acceleration principle aggregate amount analysis applied assumed assumption autonomous average billions business cycle capital equipment capital outlays circulation of money comparative statics consumption expenditure consumption function current balances decrease deficit spending demand depression determined discussion distribution economic entrepreneurs equal equilibrium situation factors full employment geometrical series given government spending Ibid income circulation income increase income period income propagation income receivers income redistribution increase in income increase in total initial change investment expenditure investment outlays Johannsen Kahn Kahn's Keynes Keynesian multiplier theory lags leakages level of income marginal propensity ment multi multiplicand multiplier effects multiplier formula multiplier principle national income numerical output pensity to consume plier problem production propensity to consume pump-priming purchases rate of circulation rate of income rate of investment relation relevance static stream of income stream of planned stream of total streams of savings subsequent income effects sumption theory of employment tion total income various wage