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abigail herrera
on Oct 13, 2024

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According to Keynes,the primary cause of large-scale unemployment is

A) high prices.
B) low prices.
C) high exports.
D) low exports.
E) inadequate aggregate demand.

Keynes

Referring to John Maynard Keynes, a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

Large-Scale Unemployment

A situation where a significant portion of the workforce is without jobs, often due to economic downturns, industrial changes, or structural shifts in the economy.

Aggregate Demand

The comprehensive requirement for goods and services across an economy at an established price point within a specific period.

  • Identify the Keynesian perspective on the causes of unemployment and potential solutions.
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Mabel PortaOct 18, 2024
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