Employment levels are determined by aggregate (total) demand rather than by the price of labor. Economies should not be expected to automatically right themselves after a temporary shock. Watch Macat’s short video for a great introduction to John Maynard Keynes’s The General Theory of Employment, Interest and Money, one of the most important economics books ever written.
Macat’s videos give you an overview of the ideas you should know, explained in a way that helps you think smarter. Through exploration of the humanities, we learn how to think critically and creatively, to reason, and to ask the right questions.
Critical thinking is about to become one of the most in-demand set of skills in the global jobs market.* Are you ready?
Learn to plan more efficiently, tackle risks or problems more effectively, and make quicker, more informed and more creative decisions with Macat’s suite of resources designed to develop this essential set of skills.
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*Source: WEF report Jan 2016 – “The Future of Jobs report”
Tagged under: General Theory Of Employment Interest And Money (Book),John Maynard Keynes (Academic),Economics (Field Of Study),Money (The Office),Market
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