Quick Notes on Super-Multiplier | Business Cycle

The below mentioned article provides a note on super-multiplier. The term 'super-multiplier' was first coined by J.R. Hicks in his business cycle theory. The object was to show the relationship between change in induced investment and the corresponding change in income. To be more specific, it indicates the ratio between the two changes, i.e., in investment and in equilibrium output. [...]