According to Keynes, Business Cycle Caused by Fluctuations

According to Keynes, business cycle are due to variation in the rate of investment caused by fluctuations in the

  1. Marginal efficiency of capital
  2. Marginal propensity to save
  3. Marginal propensity to consumption
  4. Marginal efficiency  to investment
umra Default Asked on 22nd July 2015 in Economics.
Add Comment
  • 1 Answer(s)

    Marginal propensity to consumption

    According to Keynes, business cycle are due to variation in the rate of investment caused by fluctuations in the Marginal propensity to consumption.

    Monis Rasool Professor Answered on 22nd July 2015.
    Add Comment
  • Your Answer

    By posting your answer, you agree to the privacy policy and terms of service.