The accelerator theory states that
A) the larger this period's desired capital stock the smaller will be this period's net investment.
B) the larger the previous period's desired capital stock the larger will be this period's net investment.
C) the larger the previous period's desired capital stock the smaller will be this period's net investment.
D) this period's net investment is unrelated to this period's desired capital stock.
C
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There are 9 firms in an industry with market shares in the table above. Calculate the HHI for the industry. What kind of market does this operate in and why?
What will be an ideal response?
In the above figure, point C represents
A) a recessionary gap. B) a full-employment equilibrium. C) an inflationary gap. D) a decrease in aggregate demand.
A rational individual would rather receive $5,000 today than receive $6,000 in one year if the applicable nominal interest rate was 10%
a. True b. False Indicate whether the statement is true or false
The distribution of the burden of a tax depends strictly on the elasticity of supply
a. True b. False Indicate whether the statement is true or false