Economy, asked by tekchand9384, 1 year ago

Explain the keyneis theory of employment?Effective demand

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Answered by amalaby

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According to Keynes, the volume of employment in a country depends on the level of effective demand of people for goods and services. ... Higher (lower) the level of national output higher (lower) is the volume of employment. Thus, Keynesian theory of employment determination is also the theory of income determination.

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