Interactions between the Multiplier Analysis and the Principle of Acceleration.¶
Samuelson, P. A. (1939). Interactions between the Multiplier Analysis and the Principle of Acceleration. Review of Economics and Statistics, 75-78.
Cited by¶
1 citation across 1 artifact.
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Primes¶
- Derivative Amplification
- Macroeconomics (the accelerator effect): capital investment responds to the rate of change of demand, not its level, so small demand-growth changes produce much larger investment swings
This sourceFormalizes the accelerator principle — investment responding to the rate of change of demand — producing amplified swings.
- Macroeconomics (the accelerator effect): capital investment responds to the rate of change of demand, not its level, so small demand-growth changes produce much larger investment swings
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