Multiplier can be described as

JAMB Economics 2023 251 views
Source: JAMB · 2023

Multiplier can be described as

  1. the ratio of change in an endogenous variable to the change spending
  2. the ratio of change in output to a change in autonomous spending ✓
  3. the ratio of variables that multiplies autonomous spending plus tax
  4. the ratio of variables that multiplies autonomous spending

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