explain the Keynesian theory of employment
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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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Explanation:
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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