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‘The theory of employment multiplier was propounded by:
Keynes
Kahn
Hansen
Marshall
- Correct Answer: Option 2, Kahn
- Kahn introduced the employment multiplier concept. He explained how an initial increase in spending leads to a more than proportionate increase in employment.
- Option 1: Keynes
- Known for his work on economic theories. He developed the idea of the fiscal multiplier, closely related to Kahn's work but different in focus.
- Option 3: Hansen
- He was a Keynesian economist but didn't propound the employment multiplier theory. Known for promoting Keynesian ideas in the U.S.
- Option 4: Marshall
- An economist known for his contributions to microeconomics, not specifically for employment multiplier.
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