Spending multiplier is a term in economics that describes the quantitative impact of changes to autonomous spending on the level of output and income. The size of the multiplier is related to the marginal propensity to consume.Answer and Explanation: ...
This is the text of a letter written by Richard Bronk, a Visiting Fellow at the European Institute of the London School of Economics, to two Conservative MPs, one a friend, with whom he was in correspondence. The letter (which has been anonymised) was written to foster a better understandi...