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e-lub [12.9K]
3 years ago
10

In the basic keynesian model, a decline in autonomous spending:

Business
1 answer:
den301095 [7]3 years ago
4 0
<span>In the basic keynesian model, a decline in autonomous spending reduces short-run equilibrium output.The increase in national income is equal to the primary investment (autonomous) plus a chain of secondary consumption spending. According to Keynes, the root cause of unemployment and depression is inadequate investment, and a consequent low level of aggregate demand.</span>
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<em>The missing figures for Worksheets are</em>;

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opulation 500 Population over age 16 400 Persons employed full-or part-time 200 Persons unemployed and actively seeking work 20
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