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Exercise 5

Answer the questions:

1. What theory has the Keynesians developed?

2. What is aggregate demand affected by, in Keynesians\' opinion?

3. What are the most important public decisions affecting aggregate demand?

4. How has the Keynesians\' attitude towards monetary measures changed recently?

5. What do changes in aggregate demand have the greatest short-time impact on?

6. What do Keynesians think about the typical level of unemployment?

7. What is their opinion on macroeconomic fluctuations?

8. What economic policies do Keynesians advocate?

9. Who do Keynesians identify themselves as?

10. What processes do forecasting models simulate?