第十章 就业.docVIP

CHAPTER 10 THE MARGINAL PROPENSITY TO CONSUME AND THE MULTIPLIER 第十章 边际消费倾向和乘数 WE established in Chapter 8 that employment can only increase pari passu with investment. We can now carry this line of thought a stage further. For in given circumstances a definite ratio to be called the Multiplier, can be established between income and investment and, subject to certain simplifications, between the total employment and the employment directly employed on investment (which we shall call the primary employment). This further step is an integral part of our theory of employment, since it establishe