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  • THE KEYNESIAN MULTIPLIER
    ebook
    THE KEYNESIAN MULTIPLIER
    CLAUDE GNOS
    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 ...

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