Multiplier effect/Definition: Difference between revisions
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imported>Sylvain Catherine (New page: <noinclude>{{Subpages}}</noinclude> Economic process that multiplies the initial variation of an aggregate (consumption, investment, ...).) |
imported>Nick Gardner No edit summary |
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The tendency for an increase in [[public expenditure]] to result in an increase in [[gross domestic product]] that exceeds the expenditure increase by a factor termed "the multiplier". | |||
Revision as of 05:20, 29 October 2009
The tendency for an increase in public expenditure to result in an increase in gross domestic product that exceeds the expenditure increase by a factor termed "the multiplier".