According to Keynes, people are unemployed because
A) They prefer leisure to work at the current wage rate.
B) They are waiting around for a better job that pays a higher wage than the job they could get.
C) There are an insufficient number of jobs available at the prevailing wage.
D) They are just plain lazy and don't want to work.

Question

Quizplus · Accepted Answer

Keynes believed that unemployment was caused by an insufficient number of jobs available at the prevailing wage, not by individual choices or behaviors. He argued that government policies, such as increasing government spending, could help create more jobs and reduce unemployment.

According to Keynes, People Are Unemployed Because