According to JM Keynes Defination A period of trade Characteristics in Business cycles mean..
Answers
Answered by
1
Answer:
According to Keynes, business cycle is caused by variations in the rate of investment caused by fluctuations in the Marginal Efficiency of Capital. The term 'marginal efficiency of capital' means the expected profits from new investments. ... Business cycles are periodic fluctuations of employment, income and output.
Similar questions
Chemistry,
2 months ago
Social Sciences,
2 months ago
Math,
2 months ago
India Languages,
5 months ago
English,
10 months ago
Social Sciences,
10 months ago
Math,
10 months ago