Economics · Economic Growth Models
In Harrod's model of economic growth, induced investment is a function of:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The absolute level of national income
- 2The expected change in output or income✓
- 3The rate of change of the price level
- 4The rate of interest
Correct answer
The expected change in output or income
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