Proposition that Investment responds to growth in output. If the rate of growth of output changes, the level of investment will change. The ratio between the change in the rate of growth of output and the change in investment is the accelerator.
| Business Dictionary: Accelerator, Accelerator Principle |
Proposition that Investment responds to growth in output. If the rate of growth of output changes, the level of investment will change. The ratio between the change in the rate of growth of output and the change in investment is the accelerator.
| 5min Related Video: Accelerator, Accelerator Principle |
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