accelerator principle

Directory

References

Discover

Super Typhoon Noru over the western tropical Pacific Ocean as observed by the Moderate Resolution Imaging Spectroradiometer (MODIS) on NASA Aqua satellite July 31 2017

What Is the Difference Between a Typhoon and a Super Typhoon?

Los Angeles Police Department wanted flyer on Elizabeth Short, aka the "Black Dahlia," who was brutally murdered in January 1947. The FBI supported the Los Angeles Police Department in the case, including by identifying Short through her fingerprints that

America’s 5 Most Notorious Cold Cases (Including One You May Have Thought Was Already Solved)

Santa Claus flying in his sleigh, christmas, reindeer

Was Santa Claus a Real Person?

Baseball laying in the grass. Homepage blog 2010, arts and entertainment, history and society, sports and games athletics

10 Greatest Baseball Players of All Time

Iraqi Army Soldiers from the 9th Mechanized Division learning to operate and maintain M1A1 Abrams Main Battle Tanks at Besmaya Combat Training Center, Baghdad, Iraq, 2011. Military training. Iraq war. U.S. Army

8 Deadliest Wars of the 21st Century

Rural Irish landscape, Sligo, Ireland.

Why Is Ireland Two Countries?

Leonardo da Vinci (1452-1519), Italian Renaissance painter from Florence. Engraving by Cosomo Colombini (d. 1812) after a Leonardo self portrait. Ca. 1500.

10 Famous Artworks by Leonardo da Vinci

accelerator principle

economics

Also known as: acceleration principle, consumption accelerator

Learn about this topic in these articles:

contribution by Clark

In John Maurice Clark
…developed his theory of the acceleration principle—that investment demand can fluctuate severely if consumer demand fluctuations exhaust existing productive capacity. His subsequent study of variations in consumer demand as a source of fluctuations in total demand raised some of the issues later treated by Keynes. A wide-ranging theorist, Clark also…
Read More

description

In business cycle: Dynamic analyses of cycles
This relationship, known as the accelerator, implies that an increase in national income will stimulate investment. As with the multiplier, it cannot of itself explain cyclical movements; it merely accounts for a fundamental instability that Keynesians thought they had observed.
Read More