economic multiplier
ee-kuh-NOM-ik MUL-tih-ply-er
ˌiːkəˈnɒmɪk ˈmʌltɪplaɪərListen
Hear it in a clear American voice. Slow it down to catch each syllable.
Syllable breakdown
Dictionary meaning
the ratio by which a change in spending, investment, or taxation leads to a proportionally larger change in overall economic output, reflecting the cascade of consumption and re-spending that occurs as money circulates through the economy; the Keynesian multiplier holds that an initial injection of government spending creates income for its recipients, who then spend a portion of that income, generating further income for others; the size of the multiplier depends on the marginal propensity to consume, the openness of the economy, and the extent to which taxes and imports leak spending out of the domestic circuit
Learn one new pronunciation a day
Get a word, name or idiom like “economic multiplier” in your inbox — daily or weekly, free. Unsubscribe any time.