When the economy is at or near full employment,economists generally agree that the multiplier is close to what number?

Question

Quizplus · Accepted Answer

When the economy is at or near full employment, there is little to no excess capacity in the economy, which means that any increase in demand will not lead to an increase in output. Therefore, the multiplier effect is negligible, as there is no scope for higher spending to generate additional income and employment.

When the Economy Is at or near Full Employment,economists Generally