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प्रश्न
Specify the limitations of the multiplier.
थोडक्यात उत्तर
उत्तर
- There is a change in autonomous investment.
- There is no induced investment
- The marginal propensity to consume is constant.
- Consumption is a function of current income.
- There are no time lags in the multiplier process.
- Consumer goods are available in response to effective demand for them.
- There is a closed economy unaffected by foreign influences.
- There are no changes in prices.
- There is less than full employment level in the economy.
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Multiplier
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संबंधित प्रश्न
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