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(a) Differentiate between accelerator principle of investment and investment multiplier. (4marks) (b) Explain the determinants of induced investment in an economy. (8marks) (c) Given

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(a) Differentiate between accelerator principle of investment and investment multiplier. (4marks) (b) Explain the determinants of induced investment in an economy. (8marks) (c) Given C=a+bY, explain "a" and "b" and then sketch and derive the consumption and savings functions. (3 marks)

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a 1 Accelerator Principle of Investment The accelerator principle of investment states that changes in the level of national income or aggregate demand lead to changes in the level of planned investme... blur-text-image

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