Which of the following Statements about Multiplier Effect is/are True?
I- When the government spends a rupee, overall income rises by a multiple (more than a rupee)
II- Government spending will also encourage private investment and consumer spending.
III- In multiplier effect, the Government bears huge losses on tax front.
Explanation: When the government spends a rupee, overall income rises by a multiple (more than a rupee). Government spending will also encourage private investment and consumer spending. This is referred to as the multiplier effect.
As per the traditional approach, the expense to be matched with revenue is based on
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