John Maynard Keynes

FAQ About John Maynard Keynes

What did Keynes believe about unemployment? John Maynard Keynes
one month ago | beth

What did Keynes believe about unemployment?

Keynes believed that unemployment was primarily caused by insufficient aggregate demand. He argued that when people and businesses cut back on spending, overall demand in the economy falls, leading to reduced production and job losses. His theories advocated for government intervention to stimulate demand and reduce unemployment.