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7 years ago
The flexible accelerator theory
A) recognizes that the desired capital-output ratio is not a constant.
B) assumes that firms can make this period's actual capital stock equal to the desired capital stock.
C) sets this period's expected output equal to last period's actual output.
D) recognizes that a constant fraction of the capital stock is replaced each period.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
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thecromthecrom
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7 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
my life
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Brilliant ツ
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Thank you, thank you, thank you!
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