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Keynes by sunil is a document available to read on EtoBox.

Keynes criticized the classical theory of employment on several grounds. He argued that savings do not necessarily equal investment, and that unemployment could exist even at less than full employment. Keynes put forward his own theory that aggregate demand, not supply, primarily determines the level of output and employment in the short run. Equilibrium occurs where aggregate demand and supply are equal.

Author

sunil

Language

EN