Publisher's Synopsis
The book ""The Multiplier, Acceleration Principle And Government Spending"" was published in 1944 by the American Economic Association. The book explores the economic concepts of the multiplier and the acceleration principle, as well as the role of government spending in economic growth. The multiplier refers to the idea that an increase in government spending can have a larger impact on the economy than the initial amount spent, as the money circulates through the economy and creates additional economic activity. The acceleration principle, on the other hand, suggests that changes in investment spending can lead to larger changes in overall economic activity. The book examines the theoretical underpinnings of these concepts and provides empirical evidence to support their validity. Additionally, the authors discuss the implications of these concepts for government policy, particularly in the context of economic recession and depression. Overall, ""The Multiplier, Acceleration Principle And Government Spending"" is a seminal work in the field of macroeconomics and remains relevant to contemporary discussions of economic policy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
