For particular high values of marginal propensity to consume and the accelerator coefficient, explosive non-oscillatory cycles will occur in the model of the business cycles propounded by
A. Paul A. Samuelson
B. J.R. Hicks
C. Nicholas Kaldor
D. All of the above
Answer:A
For particular high values of marginal propensity to consume and the accelerator coefficient, explosive non-oscillatory cycles will occur in the model of the business cycles propounded by
A. Paul A. Samuelson B. J.R. Hicks C. Nicholas Kaldor D. All of the above