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What is a simple Keynesian model?

The Simple Keynesian Model emphasizes that a decrease in aggregate demand can lead to a stable equilibrium with substantial unemployment. It is also known as the Keynesian Cross. You can read about the Monetary System – Types of Monetary System (Commodity, Commodity-Based, Fiat Money) in the given link.

The simple Keynesian model shows its ability to demonstrate the possibility of a stable equilibrium at less than full employment.

Further readings:

  1. National Institution for Transforming India (NITI Aayog) – A Brief Overview
  2. Monetary Policy – Objectives, Roles and Instruments (UPSC Indian Economy)
Related Links
RBI – Reserve Bank of India [UPSC Indian Economy Notes] Previous Years Economics Mains Questions for UPSC General Studies Paper – 3
Consumer Price Index (CPI) – Indian Economy Notes Inflation in Economy- Types of Inflation, Inflation Remedies [UPSC Notes]
Economic Survey 2021 – Definition, Importance & Highlights Fiscal Policy in India – Objectives, Components, Fiscal Consolidation, FRBM Act, 2003
Indian Economy Notes For UPSC Exam [Download PDFs] Union Budget 2021 – An Overview of Proposals on Six Different Pillars

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