Get premium membership and access questions with answers, video lessons as well as revision papers.

Outline the contributions of Keynes to income output and employment

      

Outline the contributions of Keynes to income output and employment.

  

Answers


peter
Keynes has greatly contributed in income and employment output in the economy in the following ways.
Where employment depends upon effective demand thus the output . Therefore output creates income and employment is created. In this case Keynes assume demand, output, income and employment as equal thus he consider employment as a function of income.
In this case increase in demand leads to increase in supply which results to increase of income thus high level of employment.

PETERMAN answered the question on May 30, 2019 at 14:51


Next: Discuss the free market economy and state the advantages and disadvantages of the economic system
Previous: State a reason why it may not be possible to suck a liquid into your mouth using drinking straw on the surface of the moon

View More Economics Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions