Economy, asked by nishanth2632, 7 months ago

How keynes theory of employment is differ from the classical theory of employment. explain with the help of keynes theory

Answers

Answered by arbgamer001

Answer:

(i) According to classical theory, the economy can only be in a state of equilibrium at full employment level. ... (ii) Keynes' theory is of the viewpoint that an economy can be in equilibrium even at less than full employment level. There is a small possibility of full employment in a country.

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