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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

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