ELI5: Explain Like I'm 5

Keynes's theory of wages and prices

Keynes's Theory of Wages and Prices is a way to explain how money and wages work. It says that if people have more money, they will spend more and buy more things, which will help the economy. If people don't have enough money, they won't be able to buy the things they need, and so the economy will slow down. Prices are also important in this theory, because people can't buy things if prices are too high. So, when prices go up, people buy less. That's why governments sometimes try to keep prices down so people can buy things. The theory also says that if wages are high, people will have more money to spend, and that will help the economy.
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