In his theory of Trade Cycle, Hicks used : A. Keynesian concept of saving-investment relationship and…
Hicks combined saving-investment and multiplier analysis with the accelerator and their interaction in a growing economy. These strands connect his cycle theory with the…
Choose your answer
In his theory of Trade Cycle, Hicks used :
A. Keynesian concept of saving-investment relationship and the multiplier.
B. Clark's accelerator principle.
C. Samuelson's multiplier accelerator interaction.
D. Harrod-Domar growth model.
Answer and explanation
Correct answer D
Hicks combined saving-investment and multiplier analysis with the accelerator and their interaction in a growing economy. These strands connect his cycle theory with the listed Keynesian, Clarkian, Samuelsonian and growth-model ideas.
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