Harrod explained the peaks and troughs of the business cycles through the use of

Related MCQs

• The instability of equilibrium in the Harrod model was used by him to explain the business cycles above and below the trend path 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?
• 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.
• The extension of Harrod-Domar model was made by adding the term for foreign trade balance as per cent of
• The growth in progressive regions affects the growth in lagging regions through Spread effects and Backwash effects is the analysis put forward by
• In Domar’s Model National Income (output) is determined by investment through the
• Which growth model inspired the use of capital-output ratio for development planning?