No, the total effect on income is not infinite, even though the number of rounds of

spending is infinite. The reason for this is because the size of the multiplier
gradually diminishes as the process continues.

In the Keynesian multiplier process, the initial injection of spending leads to an

increase in income for the recipients of that spending. These recipients, in turn,
spend some proportion of their increased income, which leads to a further increase
in income for other people, and so on. Each round of spending leads to a further
increase in income, but the size of the increase becomes progressively smaller.

This diminishing effect can be seen through the multiplier formula. The size of the
multiplier is determined by the marginal propensity to consume (MPC), which is the
proportion of additional income that people spend. The formula for the multiplier
is 1/(1-MPC). As the MPC approaches 1, the size of the multiplier approaches
infinity, but in reality, the MPC is typically less than 1, and so the multiplier
is a finite number.

Additionally, the Keynesian multiplier process assumes that the economy is

operating below full capacity, so as income increases, there will eventually be
constraints on production and resources that limit the ability of the economy to
continue expanding indefinitely. As a result, the total effect on income will reach
a limit, even though the number of rounds of spending is infinite.