The instability of equilibrium in the Harrod model was used by him to explain the business cycles above and below the trend path of --------

Related MCQs

• Harrod explained the peaks and troughs of the business cycles through the use of
• Harrod-Domar model of growth is based on the concepts of and their equality
• The Harrod-Domar growth model suggests that growth is
• The Harrod-Domar growth model is based on the relationship of what two economic elements?
• The extension of Harrod-Domar model was made by adding the term for foreign trade balance as per cent of
• Harrod’s definition of rate of growth of an economy do not include
• Harrod argues that in an economy with constant capital-labour ratio, the ------------ can never be more than the natural rate of growth of output.
• Identify the model which is concerned with the ‘golden age’ equilibrium:
• The theory of Low-Level Equilibrium Trap has been developed by
• Who put forward the view that UDCs are characterized by vicious circle of poverty which keeps them around a low-income per capita equilibrium state?