The Keynesian multiplier is always greater than 1
but less than
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In certain cases multiplier values less than one have been empirically measured (an example is sports stadiums), suggesting that certain types of government spending crowd out private investment or consumer spending that would have otherwise taken place.
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Multiplier is the reciprocal of Marginal Propensity to Save. So, Higher the value of MPS (Marginal Propensity to Save), Lower the value of K (Multiplier).
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