What was Meade's contribution to Keynesian economics?
Developed the concept of the Keynesian multiplier
Created the term 'Keynesian
Disproved Keynesian economics
Reinforced classical economics
Answer
James Meade was a British economist who made significant contributions to Keynesian economics. He is best known for developing the concept of the Keynesian multiplier, which explains how changes in government spending can have a multiplier effect on the economy. Meade's work on the multiplier helped to explain how fiscal policy can be used to stimulate economic growth and reduce unemployment.
The Meade Mysteries: Unraveling the Legacy of James Meade
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