balanced-budget multiplier
balanced-budget multiplier
Glossary micro and macro economics
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Economics
Definition of balanced-budget multiplier
balanced-budget multiplier : extent to which an equal change in government spending and taxes changes equilibrium gross domestic product always has a value of 1, because it is equal to the amount of the equal changes in G and T (T is subject to the MPS of consumers and spending is not).
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Glossary micro and macro economics
Micro and macro economics glossary index of terms
Definition and meaning of balanced-budget multiplier
Meaning of balanced-budget multiplier
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