Quote:
Originally Posted by cpaharley2008
John Keynes proposed a "multiplier/accelerator effect" when you have a dramatic change in income cause by price drops. See here for an explanation Multiplier & Accelerator Effects. Basically with $100.00 additional money available the effect will and can have a multiple fold increase throughout the economy.
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Hi: cpaharley2008... John Kenneth Galbraith was a "Keynesian" economist serving 5 American Presidents. He also hailed from "The north shore of Lake Erie".
I just don't know what this has to do with the price of gas!!! Alf
escape artist N.S. of Lake Erie