Macroeconomics: Theory & Appln

Macroeconomics: Theory & Appln

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The said multiplier is the most important element of the Keynesian magic. It ignores, as we shall see later, the crowding out effect and the financing problems of government expenditure. How does the multiplier work? When the autonomousanbsp;...

Title:Macroeconomics: Theory & Appln
Author:G.S. Gupta
Publisher:Tata McGraw-Hill Education -


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