In your own words,explain the multiplier process .Under what conditions would the multiplier in the simple model be the same as and different from the full model with government and the external sector? How does this relate to the circular flow of income discussed in previous chapters?

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The Answer of In your own words,explain the multiplier process .Under what conditions would the multiplier in the simple model be the same as and different from the full model with government and the external sector? How does this relate to the circular flow of income discussed in previous chapters?

In Your Own Words,explain the Multiplier Process