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Question
The principle of effective demand is mainly used to explain ______.
Options
How prices are determined
How much employment exists in an economy
How money supply is controlled
How foreign trade is balanced
MCQ
Fill in the Blanks
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Solution
The principle of effective demand is mainly used to explain how much employment exists in an economy.
Explanation:
Keynes used the principle of effective demand to explain the level of employment in the economy.
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