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Eduncle posted an MCQ
October 19, 2019 • 20:26 pm 0 points
  • UGC NET
  • Economics

In the trade cycle theory of J.R. Hicks, long run equilibrium growth is determined by

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    Eduncle Best Answer

    In Hicks’s theory of long-run equi­librium growth that is determined by rate of increase of autonomous investment over time and, therefore, long-run equilibrium growth of income is determined by the autonomous investment and the magnitudes of multiplier and accelerator.

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