The Eduladder is a community of students, teachers, and programmers just interested to make you pass any exams. So we help you to solve your academic and programming questions fast.
In eduladder you can Ask,Answer,Listen,Earn and Download Questions and Question papers.
Watch related videos of your favorite subject.
Connect with students from different parts of the world.
Apply or Post Jobs, Courses ,Internships and Volunteering opportunity. For FREE
See Our team
Wondering how we keep quality?
Got unsolved questions? Ask Questions

CDSE-GENERAL-KNOWLEDGE-2019-->View question


Asked On2019-07-11 19:02:29 by:KAPILJHADE

Taged users:


Likes:
Be first to like this question

Dislikes:
Be first to dislike this question
Talk about this  Like  Dislike
View all qusetions
Answers
C. Effective Demand

According to classicists, there will always be full employment in a free enterprise capitalist economy because of the operation of Say’s Law and wage-price flexibility.
This classical theory came under severe attack during the Great Depression years of 1930s at the hands of J. M. Keynes. He rejected the notion of full employment and instead suggested full employment as a special case and not a general case.
Full employment is a temporary phenomenon, an astrological coincidence.
He claimed his theory to be ‘general’, i.e., applicable at any point of time. That is why he christened his epoch-making book: The General Theory of Employment, Interest and Money (1936). Thus, Keynes’ theory is “general”. In this book, he not only criticised the classical macroeconomics, but also presented a ‘new’ theory of income and employment. He is often described by economists as a revolutionary one in the sense that it was Keynes who salvaged the capitalist economy from destruction in the 1930s. Critics, however, label him as a ‘conservative revolutionary’.

Answerd on:2019-08-02 Answerd By:Ak

Likes:
Be first to like this answer

Dislikes:
Be first to dislike this answer
Talk about this  Like  Dislike

You might like this video:Watch more here

Watch more videos from this user Here

Learn how to upload a video and start earning here

C Effective demand

According to classicists, there will always be full employment in a free enterprise capitalist economy because of the operation of Say’s Law and wage-price flexibility.
This classical theory came under severe attack during the Great Depression years of 1930s at the hands of J. M. Keynes. He rejected the notion of full employment and instead suggested full employment as a special case and not a general case.
Full employment is a temporary phenomenon, an astrological coincidence.
He claimed his theory to be ‘general’, i.e., applicable at any point of time. That is why he christened his epoch-making book: The General Theory of Employment, Interest and Money (1936). Thus, Keynes’ theory is “general”. In this book, he not only criticised the classical macroeconomics, but also presented a ‘new’ theory of income and employment. He is often described by economists as a revolutionary one in the sense that it was Keynes who salvaged the capitalist economy from destruction in the 1930s. Critics, however, label him as a ‘conservative revolutionary’.

Answerd on:2019-08-02 Answerd By:Ak

Likes:
Be first to like this answer

Dislikes:
Be first to dislike this answer
Talk about this  Like  Dislike

You might like this video:Watch more here

Watch more videos from this user Here

Learn how to upload a video and start earning here



Lets together make the web is a better place

We made eduladder by keeping the ideology of building a supermarket of all the educational material available under one roof. We are doing it with the help of individual contributors like you, interns and employees. So the resources you are looking for can be easily available and accessible also with the freedom of remix reuse and reshare our content under the terms of creative commons license with attribution required close.

You can also contribute to our vision of "Helping student to pass any exams" with these.
Answer a question: You can answer the questions not yet answered in eduladder.How to answer a question
Career: Work or do your internship with us.Work with us
Create a video: You can teach anything and everything each video should be less than five minutes should cover the idea less than five min.How to upload a video on eduladder