Question

Explain Keynesian theory of employment​

Answer 1

Your answer mate

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Keynesian theory of employment as per Keynes theory of employment, effective demand signifies the money spent on the consumption of goods and services and on investment. The total expenditure is equal to the national income, which equivalent to the national output.

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Answer 2

Answer:

Keynes' theory of employment is based on the principle of effective demand. ... According to Keynes, the level of employment is determined by effective demand which, in turn, is determined by aggregate demand function or aggregate demand price and aggregate supply function or aggregate supply price.

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