In this article we will discuss about Multiplier and Accelerator in Economics:- 1. Concept of Multiplier 2. Relation between MPC and Multiplier 3. Working 4. Reverse Working 5. Assumptions 6. Leakages 7. Criticisms 8. Importance 9. Principle of Acceleration 10. Equational Model 11. Working 12. Importance. Concept of Multiplier: The concept of multiplier is an […]
Multiplier and Accelerator in Economics: Working, Equational Model and Limitations
Article shared by : 
Interrelation and Coordination of Monetary and Fiscal Policies | Economics
Article shared by :
Monetary and fiscal policies are complementary, and not contradictory to each other. They are interrelated and have to be judiciously combined to promote and stabilise the economic activity. The interrelation of monetary and fiscal policies is clear from the following points: (i) Monetary policy provides financial infrastructure and regulates money supply. Fiscal policy through its […]
Difference: Views of Monetarists and Classical Economists on Money
Article shared by :
In this article we will discuss about the difference in views of monetarists and classical economists on money. The monetarists trace the origin of their ideas back to the classical and neo-classical predecessors. They base their analysis on the models developed by J.B. Say and Irving Fisher. However, the monetarists do not accept everything what […]