This long- run equilibrium rate of capital accumulation can be termeda ‘warranted rate’ (g**), because it is the rate of accumulation which isrequired for the constancy of the debt–capital ratio. For this purpose, thecapital stock has to grow at the same rate as the stock of debt. However,it is by no means guaranteed that the short- run goods market equilibrium rate of capital accumulation from equation (9.13) will adjust to the warranted rate in equation (9.19):