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Who first developed the concept of multiplier theory?
  • a)
    John Maynard Keynes
  • b)
    F.A. Kahn
  • c)
    Milton Friedman
  • d)
    Adam Smith
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Who first developed the concept of multiplier theory?a)John Maynard Ke...
The concept of multiplier theory was first developed by F.A. Kahn in the early 1930s. Keynes later refined this concept in his economic theory.
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