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The Multiplier Explained - A Level and IB Economics
11:38
YouTubetutor2u
The Multiplier Explained - A Level and IB Economics
An initial change in aggregate demand can have a much greater final impact on the level of equilibrium national income. This is known as the multiplier effect. The multiplier effect is one of the most important concepts you can use when applying, analysing and evaluating the effects of changes in government spending and taxation. It is also ...
Nov 29, 2021
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