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Cyclical unemployment which occurs during recessions and depressions due to lack of effective demand
Short period analysis that is Keynes assumes that skills, quantity of labor, competition, taste and preferences are fixed. That is only possible in the short run as variables will change in the long run
Theory assumes a closed economy with no foreign trade
Theory assumes there is excess supply of labor as well as complimentary factors
Theory assumes there is simultaneous unemployment of labor and excess capacity of capital
Dana05 answered the question on July 3, 2019 at 11:35
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