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, post-Keynesian developments, and theories of economic growth like Harrod-Domar and Lewis models Exam Utility: Highly recommended for UPSC Economics Optional

One of the most pivotal chapters covers the Hicks-Hansen IS-LM model. macroeconomics theory and policy hl ahuja pdf better

The text provides an in-depth analysis of the multiplier effect. It moves beyond the simple investment multiplier to discuss complex variations such as the balanced budget multiplier and the foreign trade multiplier, utilizing algebraic derivations to show how an initial injection of investment leads to a multiplied change in income. macroeconomics theory and policy hl ahuja pdf better