and unfeasible.Second, Keynes's unemployment equilibrium is realized owing to market failure in a macro economy. Market … unemployment based on the skepticism toward existing theories based on the observations of a real economy.The study reveals two … failure in a macro economy shows that involuntary unemployment results from quantitative and not price aspects. In other words …

idea that all unemployment constitutes chosen leisure. Despite this, it was used by Keynes to define the point of full … unemployment. This curve rests on the false premise that workers can 'choose' whether to work or not, and gives credence to the … order to build a different (non-neoclassical) foundation for Keynes's theory of effective demand. Drawing upon Robinson, the …