the principle of accelerator was first introduced by
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T.N. Carver was the earliest economist who recognised the relationship between changes in consumption and net investment in 1903. But it was Aftalion who analysed this principle in detail in 1909. The term “acceleration principle” itself was first introduced into economics by J. M. Clark in 1917. It was further developed by Hicks, Samuelson, and Harrod in relation to the business cycles.
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Thomas Nixon Carver and Albert Aftalion .
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