Macroeconomics activity and demand/Stability of the economy

Basic perspectives on stability of the economy.

Watch these Kahn Academy video's on Youtube. The first discusses Keynesian Economics; the second looks at the risks inherent to Keynesian thinking.

Keynesian economics

Risks of Keynesian Thinking

Consider the following questions:

• In one sentence, can you sum up Keynesian economics?
• Do you think this system applies to today's world economy?
• What are some of the risks the second video idenitfied?

Having viewed this short video signpost, please address at least one of these questions on WENotes below.