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Therefore, the single tax benefit is said to have a multiplier effect on the economy. In economics, a multiplier broadly refers to an economic factor that, when changed, causes changes in many ...
Therefore, Keynesian economics supports a mixed economy guided mainly by the private sector but ... Keynesian models of economic activity also include a multiplier effect; that is, output changes by ...
The multiplier effect in Keynesian economics asserts that spending at the government level can have a large impact on aggregate demand and economic growth. An increase in government spending would ...