Multiplier
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.