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.
- National Institution for Transforming India (NITI Aayog) – A Brief Overview
- Monetary Policy – Objectives, Roles and Instruments (UPSC Indian Economy)
Fiscal Policy in India – Objectives, Components, Fiscal Consolidation, FRBM Act, 2003