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    and these profit expectations in turn are influenced by the curre
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    Broadly speaking, investment depends on the marginal efficiency of investment and the rate of interest. What induces individuals to undertake investments? Obviously, profit expectations seem to exercise a major influence on the investment decisions of individuals, and these profit expectations in turn are influenced by the curren
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    investment and the rate of interest. What induces individuals to undertake investments? Obviously, profit expectations seem to exercise a major influence on the investment decisions of individuals, and these profit expectations in turn are influenced by the curre
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    undertake investments? Obviously, profit expectations seem to exercise a major influence on the investment decisions of individuals, and these profit expectations in turn are influenced by the curre
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    and these profit expectations in turn are influenced by the current and the expected level of economic activity, changes in technique and so forth.

    Suppose a man borrows money to invest. He will have to pay interest on the loan. But he expects profit from this investment. He must compare the rate of interest he has to pay

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