Talking about the turning points in business cycle, it is realized at a stage where economy of the country is either moving from expansion towards recession or moving from recession towards expansion. There are lot of forces that brings the turning points in a business like fluctuations in expenditure which are autonomous like investments and exports. Multipliers, on the other hand can be considered as a mechanism that provides a momentum towards a new direction to the economy of a country.
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- Definition of Economics
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- Expenditure Multiplier Know the Keynesian Model
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