केन्सच्या उत्पन्न आणि रोजगार सिद्धांताच्या संदर्भात खालील विधानांचा विचार करा : विधान (I) : आर्थिक मंदीच्या काळात राजकोषिय धोरण हे चलनविषयक धोरपेक्षा अधिक परिणामकारक असते. विधान (II) : रोजगारीची पातळी वाढवण्यासाठी कर कमी करणे अपेक्षित असते. खालीलपैकी योग्य पर्याय निवडा.

The correct answer is Option D (Both Statements are correct.).

Key Points:
• Keynesian economics emphasizes government intervention through fiscal and monetary measures to manage aggregate demand, especially during economic downturns and recessions.
• Statement (I) is correct: During deep recession (liquidity trap), monetary policy (lowering interest rates) loses effectiveness because banks hesitate to lend and businesses/consumers refuse to borrow; thus, fiscal policy (direct government spending and tax cuts) is far more effective.
• Statement (II) is correct: To raise employment levels, Keynesian policy advocates expanding aggregate demand by reducing taxes (leaving higher disposable income with consumers) and increasing public expenditure.
• Since both statements align with Keynesian macroeconomic theory, option (4) (Both Statements are correct) is the right answer.
• Key Takeaway: In Keynesian theory, fiscal policy is more effective in recession, and tax cuts help boost employment.