Keynesian unemployment, Managerial Economics

Keynesian unemployment

According to Keynesian theory of income and employment, unemployment occurs due to lack of effective demand. If effective demand is less, production of goods and services will fall which will further result in the unemployment of labour. Another feature of Keynesian unemployment is that unemployment of labour is associated with unemployed capital such as plant and machinery which tend to be idle during depression.

Posted Date: 11/30/2012 2:39:42 AM | Location : United States

Related Discussions:- Keynesian unemployment, Assignment Help, Ask Question on Keynesian unemployment, Get Answer, Expert's Help, Keynesian unemployment Discussions

Write discussion on Keynesian unemployment
Your posts are moderated
Related Questions
Leading Economic Indicators The 11 key economic indicators that have been establish to lead business cycle turning points. Of the 11, four are basically used in business;

In the national income analysis, investment refers to the value of than part of the aggregate output for any given time period which takes the form of construction of new structure

Fandem Technology manufactures two products using a joint process. The cost of materials going into the joint process for a typical period is $55,000, while labour and overhead to

Ask questiHow does economic theory contribute to managerial decisions? on #Minimum 100 words accepted#

"Inflation is not possible under the gold standard." Is this declaration true, false, or uncertain? Describe your answer

Hi Could you please help me with " Ramsey pricing in detail " as I have an assignment.

Q. Explain Mark-up pricing? In addition to using above methods to conclude a firm's optimal level of output, a firm can also set price to maximise profit. Optimal markup rules

A firm can produce steel with or without a filter on its smokestack. If it produces without a filter, the external costs on the community are $500,000 per year. If it produces with

Policy conflicts In their attempts to achieve the policy objectives, governments often face what are called conflict of objectives.  These arise partly because unlike private

100 schools are given exactly one million dollars each in grant money. They can spend the money on any or all of three programs: math tutoring (math), kickball lessons (kickball),