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Multiplier–Accelerator Interaction

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Abstract

The phrase ‘multiplier–accelerator’ refers to a combination of a theory of income as determined by investment and a theory of investment as determined by the rate of change of income.

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Medio, A. (2018). Multiplier–Accelerator Interaction. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_744

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