Question
According to Keynes, business cycles are due to variation in the rate of investment caused by fluctuations , in the
Answer: Option D
Answer: (d)
According to Keynes’ ‘General Theory of Employment, Interest and Money,’ business cycles are caused by variations in the rate of investment which are caused by fluctuations in the marginal efficiency of capital.
Marginal efficiency of capital means the expected profits from new investments.
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Answer: (d)
According to Keynes’ ‘General Theory of Employment, Interest and Money,’ business cycles are caused by variations in the rate of investment which are caused by fluctuations in the marginal efficiency of capital.
Marginal efficiency of capital means the expected profits from new investments.
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