I got a question on the practical.
"In the accelerator model of investment demand, the demand for capital goods is seen as a "derived" demand"
what's the accelerator medel of investment demand? is it the income expenditure model, as investment is not purely exogenous?
"In the accelerator model of investment demand, the demand for capital goods is seen as a "derived" demand"
what's the accelerator medel of investment demand? is it the income expenditure model, as investment is not purely exogenous?