Explain the concept of multiplier with a numerical example.
Dear Student
Kindly follow the following link available on our study material. Scroll down and read topic " Multiplier Mechanism and Paradox of Thrift " which is explained in detail in our study material with numerical example:
https://www.meritnation.com/cbse-class-12-commerce/economics/introductory-macroeconomics/determination-of-income-and-employment/studymaterial/59_16_341_1989_5845
Regards
Kindly follow the following link available on our study material. Scroll down and read topic " Multiplier Mechanism and Paradox of Thrift " which is explained in detail in our study material with numerical example:
https://www.meritnation.com/cbse-class-12-commerce/economics/introductory-macroeconomics/determination-of-income-and-employment/studymaterial/59_16_341_1989_5845
Regards