Keynesian unemployment
Definition
Situation where low wage-rates should result in higher employment levels, but don't because the economy is in recession and the employers are facing low demands for their goods and services.
Keynesian unemployment is in the Economics, Politics, & Society subject.
This content can be found on the following page:
http://www.businessdictionary.com/definition/Keynesian-unemployment.html
email to a friend
print this definition
cite this definition
link to this page
