Hi, So can increase in growth can have many effects, but will depend on factors such as the position of the economy on the SRAS curve ( spare capacity in the economy)
1.If operating near the top of the SRAS then growth will be limited and there will also be high inflationary pressure.
2. Near the bottom of the SRAS will mean large amounts of growth and low inflation but this will depend on the size of the multiplier.
These are quite good evaluation points and the multiplier effect is something which is quite good to refer back too.