Business Cycles and National Income

acceleration acceleration principle accumulation aggregate demand Alfred Marshall analysis autonomous investment bank billion boom building cycle business cycle business-cycle cause cent changes Chapter construction consumption function cost crises crisis curve cyclical decline depression durable economic effect efficiency of investment equipment expansion expected expenditures factors fall Figure final demand fixed capital fluctuations full employment funds gross investment gross national product Ibid income level increase induced consumption induced investment industrial inventory stocks investment demand schedule Keynes Keynesian Lauderdale major cycle Malthus marginal efficiency marginal propensity ment monetary movements multiplier national income net investment nomic oscillations output peak period phase point of inflection problem profits propensity to consume prosperity rate of interest reached real investment relation rise role saving shift Spiethoff stock of capital sumers sumption taxes theory tion trade trend trough Tugan-Baranowsky upswing vestment volume of investment wages Wicksell Y₁