Questions

J.M Keynes’ theory of employment is a demand-deficient theory. This means that Keynes visualised employment from the demand side of the model. His theory is a demand-oriented approach, as opposed to the classical supply side model.

According to him,the volume of employment in a country depends on the level of effective demand of people for goods and services. Thus, unemployment is attributed to the deficiency of effective demand.

Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes.

In other words, large sellers selling the products that are similar, but not identical and compete with each other on other factors besides price.

Brightness of bulb depends on both voltage and current. The brightness depends on power.

Since we know that  Power (P) = Voltage x Current = V I

So whether you increase the current or the voltage the brightness will increase.

Example Illustration:

 If you connect a long bulb and a round bulb in series, the long bulb glows but the round bulb does not. Both of them have the same current flowing through them (they are in series) but the long bulb has a greater voltage across it because it has more resistance (even though V= IR is not obeyed exactly, voltage drop does depend on the resistance). If you connect a round bulb and a long bulb in parallel, however, it is the round bulb that is brighter because now the voltage across both bulbs is the same but the current is larger through the round bulb (smaller resistance).

Hence, the brightness of a bulb depends on power i.e, both voltage and current.