Difference between revisions of "Multiplier"
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According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
:[[Multiplier]]. Total increase in aggregate expenditures divided by the original increase in expenditures. | :[[Multiplier]]. Total increase in aggregate expenditures divided by the original increase in expenditures. | ||
| + | According to [[Macroeconomics by Mankiw (7th edition)]], | ||
| + | :[[Multiplier]]. See government-purchases multiplier, money multiplier, or tax multiplier. | ||
[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Latest revision as of 17:54, 2 July 2020
Multiplier is total increase in aggregate expenditures divided by the original increase in expenditures.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Multiplier. Total increase in aggregate expenditures divided by the original increase in expenditures.
According to Macroeconomics by Mankiw (7th edition),
- Multiplier. See government-purchases multiplier, money multiplier, or tax multiplier.
