Question

as per keynesian theory full employment can never exist​

Answer 1

Explanation:

Keynes’ theory of employment is a demand-deficient theory. This means that Keynes visualised employment/unemploy­ment from the demand side of the model. His theory is, thus, known as demand-oriented approach, as opposed to the classical supply side model. According to Keynes, the volume of employment in a country depends on the level of effective demand of people for goods and services. Unemployment is attributed to the deficiency of effective demand.