School of Economics | Samuelson’s Model of Business Cycle
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28 Feb

Posted at 00:19h in SOE by
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Explanation to the Samuelson’s Model of Business Cycle: Samuelson in his seminal paper convincingly showed that it is the interaction between the multiplier and accelerator that gives rise to cyclical fluctuations in economic activity. The multiplier alone cannot adequately explain the cyclical and cumulative nature of the...