Map of Nagh on An increase, say, in business investment of $10 billion will generate over time more than a $10 billion in increase in aggregate demand and national production. Why? $10 billion more business-investment spending will increase aggregate demand and national production by $10 billion. This is the initial and direct result. But in an economy with unemployed resources and fixed prices and wages, the increase in national production is not limited to the $10 billion initial increase in business-investment spending. The increase of $10 billion in national production generates $10 billion more in income to resource suppliers throughout the economy. They, in turn, spend a fraction of the increase in income and save the remainder. The increase in consumer spending, however, again raises aggregate demand and national production, but by some fraction of the initial increase. Map of Nagh 2016.
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