What is the tourism multiplier effect?

Tourism multiplier effect indicates how many times the money spent by a tourist circulates in the country’s economy. You can read about the Money Supply in Economy – Types of Money, Monetary Aggregates, Money Supply Control in the given link.

Further readings:

1. Monetary Policy – Objectives, Roles and Instruments (UPSC Indian Economy)
2. Topic-Wise GS 3 Questions for UPSC Mains