Question

Keynes concept of closed economy multiplier was extended to open economy by
a.Meade
b.Mr.Lighton
C.Mundell
D.Kahn​

Answer 1

Answer:

option c is the correct answer

Answer 2

Answer:

Concept:

The Post- Keynesian economists extended the Keyne‟s multiplier meant for the closed economy to the foreign trade multiplier meant for an open economy. The Concept of foreign trade multiplier was given by Mr. Leighton.

Explanation:

In economic analysis, choices made on what can initially seem like formal and even unimportant issues can occasionally have a significant impact on how much knowledge is gained. The issue of how to structure the terms of the basic national income identity when taking into account overseas commerce is a good example of this. To take the identity of a closed economy is the conventional response to this query.

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