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The investment multiplier is a concept in macroeconomics that explains how an initial increase in investment leads to a greater overall increase in national income or output. It is based on the idea that one person's spending becomes another person's income, leading to a chain reaction of increased consumption and further income generation in the economy. The size of the multiplier depends on the marginal propensity to _______ _______ ____ _______ ________ _____ ___ ____ _____.
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