Economy, asked by santhisnogmailcom, 2 days ago

keynes attributes unemployment to​

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Answered by siyaanushka055
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Keynes's early writings

In it, he attributes unemployment to wage stickiness and treats saving and investment as governed by independent decisions: the former varying positively with the interest rate, the latter negatively. The velocity of circulation is expressed as a function of the rate of interest.

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