Illustrate several theories about causation
Illustrate several theories about causation?
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Several theories about causation are as follows:-
1. Major innovations may trigger new investment and/or consumption spending.
2. Changes in productivity may be a related cause.
3. Most agree that the level of aggregate spending is important, especially changes on capital goods and consumer durables.
After the Spanish found the new world, they promptly began to plunder this. They imported huge amount of gold and silver to Spain. It inflow of bullion caused a rapid increase in inflation, that would have grave consequences for Spain. It is quick inflation made this
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