An Estimate of GNP Attributable to the Fiscal Year 1951 Air Force Major Procurement Program through the Effect of the Multiplier

Since the "Keynesion Revolution" in the middle thirties economists have stressed the dominant role played by interest in the cyclical fluctuations of the economy. This role in decision because money ... for capital equipment in reatet by recipients and ... again, ... multiplying the original ... to national income and the affect of investment ...