Economics Pigou Effect and Employment 21 Jun 2020 Pigou Effect and Employment - Cut in wages and consequent fall in prices produces a favourable effect on the aggregate demand and employment in another way which was first pointed…
Economics Keynes’s Effect and Employment 20 Jun 2020 Keynes's Effect and Employment - Keynes's Effect says that the cut in money wages and consequent fall in prices is likely to reduce the rate of interest which will favourably…
Aim Institute of Economics 