Where did Meade develop the concept of the Keynesian multiplier?
Harvard
Oxford
Cambridge circus
League of Nations
Answer
The Cambridge circus was a group of British economists who met regularly in Cambridge in the 1930s to discuss Keynesian economics. Meade was one of the members of the circus, and he developed the concept of the Keynesian multiplier during these discussions. The Keynesian multiplier is a measure of the effect of an increase in government spending on economic output.
The Meade Mysteries: Unraveling the Legacy of James Meade
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