Assertion: expansionary fiscal policy | /r/CapableOf | bring about increase
Facets:
value: in national income
type: OTHER
Source sentences:
text: In this case of sufficient monetary accommodation, rate of interest does not rise, and therefore there is no crowding-out effect on private investments, the expansionary fiscal policy brings about increase in national income equal to increase in government expenditure times the Keynesian multiplier (i. e., ∆G x 1/1 – MPC).