Use the interaction between the flexible accelerator and business confidence to explain why real private domestic investment

Question:

Use the interaction between the flexible accelerator and business confidence to explain why real private domestic investment fell so much relative to real GDP during the Great Depression. In addition, explain why real GDP rose while real private domestic investment fell during World War II.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

Question Posted: