According to the keynesian model, equilibrium output of an economy may be less than the full-employment level of output because at full employment 5. (1) suffic

According to the Keynesian model, equilibrium output of an economy may be less than the full-employment level of output because at full employment 5. (1) sufficient income may not be generated to keep workers above the subsistence level (2) there might not be enough demand by firms and consumers to buy that output (3) workers may not be willing to work the hours necessary to produce the output (4) Interest rates might not be high enough to provide the incentive to finance the production