Question

Which of the following Statements about Multiplier Effect is/are True?
I. When the government spends a rupee, overall income rises by a multiple (more than a rupee)
II. Government spending will also encourage private investment and consumer spending.
III. In multiplier effect, the Government bears huge losses on tax front.

A Only I
B Only III
C I & II
D II & III
E All of the above
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