Is the KEYNES PRINCIPLE OF MULTIPLIER apply to the developing country like India?

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Is the KEYNES PRINCIPLE OF MULTIPLIER apply to the developing country like Indian economy in specific .If yes how?

2007-03-15 10:23:48 · 2 answers · asked by sanawarian_uday 1 in Social Science ➔ Economics

yes it does, it works for economies which are below their potential full-output level.

2007-03-15 10:32:49 · answer #1 · answered by Anonymous · 0⤊ 0⤋

Keynes principle of the multiplier, is the fuzziest part of his theory.

2007-03-15 19:07:09 · answer #2 · answered by csn0331 3 · 0⤊ 0⤋