Economic Integration refers to decision or process where by two or more countries co…
Investment which varies with the changes in the national income is called induced in…
The modern economist by and large agree with Keynesian analysis. But there are some …
The classical economists held the view that the economic system automatically adjust…
CLASSICAL VIEW ON WAGES AND EMPLOYMENT: The classical economists held the view tha…
The accelerator is the numerical value of the relation between an increase in income…
LIMITATIONS OF MULTIPLIER: On theoretical plane, the multiplier principle seems to…
EXPLANATION: On OX axis income and OY axis investment and saving is shown. I is in…
Wealth is an important factor which affects the consumption is wealth. As we know th…
When we say that propensity to consume is stable, it does not mean the consumption e…
Consumption function or propensity to consume establishes a relationship between con…
Practically we see that unemployment has assumed the form of a big issue in the econ…
According to professor Crother “Inflation is a state in which the value of money fal…
The main points of contrast between the Keynesian and Classical theories of Income a…
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