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प्रश्न
What do you know about multiplier?
लघु उत्तरीय
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उत्तर
Multiplier is a key concept in Keynesian economics that explains the relationship between investment and income, output, and employment. According to Keynes, the multiplier shows how a change in investment can cause a proportionally larger change in income. It is expressed as:
K = `(\DeltaY)/(\DeltaI)`;
where (ΔY) represents the change in income and (ΔI) represents the change in investment.
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