What is backward process multiplier ?
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Reverse Operation of the Multiplier:
Multiplier is a double-edged weapon. It works in the backward direction as much as in the forward direction. The process of income propagation through multiplier does not work in the forward direction only.
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Multiplier Keynesian: Its Working, Operation, Importance and ... Multiplier is a double-edged weapon. It works in the backward direction as much as in the forward direction. The process of income propagation through multiplier does not work in the forward direction only. ... The higher the MPC, the greater the value of the multiplier and greater the cumulative decline in income.
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