← Table of contents
Essentials of Economic Theory

Note 1 — Chapter XXVII

Reading edition

It will be seen that whether the policy is successful in giving employment to the partially idle or fails to do so depends on the amount of reduction in the sale of the goods which the increased cost of making them entails; and if the market is highly sensitive to increased cost, the policy may fail in securing even a transient increase of employment.

Explore with AITake your curiosity a little further.

Reading settings