The multiplier is a central concept in Keynesian and post-Keynesian economics. It is largely what justifies activist full-employment fiscal policy: an increase in fiscal expenditures contributing to multiple rounds of spending, thereby financing itself. Yet, while a copingstone of post-Keynesian theory, it is not universally accepted by
Pages: 224
Category: Ekonomi & Utveckling
e-ISBN: 9781134361939
Shipping weight: 1.2 kg
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