Question

Concept of multiplier is important for whom ?

Answer 1

Answer:

Meaning and the Development: The concept of 'Multiplier' occupies an important place in Keynesian theory of income, output and employment. It is an important tool of income propagation and business cycle analysis. ... Keynes believed that the initial increment in investment increases the final income by many times.

Explanation:

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Answer 2

Answer:

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the concept of multiplier is important in the Keynesian theory for income and output.