The process resulting from the convergence of income in this principle as time approaches infinity is termed the Kahn-Clark Sequence.
The process resulting from the convergence of income in this principle as time approaches infinity is termed the Kahn-Clark Sequence. It is initiated when a system's member banks develop an ability to lend significantly in excess of their reserves, leading to an expansion in money supply. Its negative version is usually brought about when increased imports shift the IS curve to the left. Calculated as 1 over 1 minus the marginal propensity to consume, FTP, what is this effect in which small initial changes in aggregate demand in a single economic sector produce further rounds of spending and greater income?
The process resulting from the convergence of income in this principle as time approaches infinity is termed the Kahn-Clark Sequence.
multiplier effect