John Maynard Keynes wrote that one requirement for a stable economy was that the multiplier is
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John Maynard Keynes wrote that one requirement for a stable economy was that “the multiplier … is greater than unity but not very large.” Why might a large value for the multiplier make an economy less stable?
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Related Book For 
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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