| 单词 | Keynesian unemployment |
| 释义 | Keynesian unemployment Unemployment due to lack of effective demand for goods and services which people could have been employed to produce. Keynesian unemployment can be reduced by the use of monetary or fiscal policy to increase effective demand. This demand-deficiency unemployment is contrasted with classical unemployment, where wage rates are too high relative to productivity for employment to be profitable, and with structural unemployment, where the unemployed lack the skills needed by prospective employers, or firms do not have the equipment needed to take on more workers. If unemployment is of these other types, more effective demand alone cannot cure it, but merely causes inflation. |
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