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Keynes accepted what he called the first postulate of classical economics but rejected the second postulate. Keynes thus questioned the classical belief that: a. the
Keynes accepted what he called the first postulate of classical economics but rejected the
second postulate. Keynes thus questioned the classical belief that:
a. the supply of labour is solely a function of the real wage.
b. more workers will only be employed if the real wage decreases.
c. the equilibrium wage equals the marginal product of labour.
- Did he question all three
- Did he not question all three
- Which ones did he question
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