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In 1936 he published his book "The General Theory of Employment, Interest and Money," in which Keynes laid the foundations of macroeconomic analysis. The work of Keynes, was so great that in the economic literature originated the term "Keynesian revolution" and appeared Keynesian macroeconomic model or Keynesian approach, as opposed to the traditional only existed up to that time to the classical approach to the study of economic phenomena.
Macroeconomics examines the economy as a whole, explores common problems for the whole economy, and operates with such aggregate quantities as gross domestic product, national income, aggregate demand, aggregate supply, aggregate consumption, investment, the general price level, the unemployment rate, public debt. The main problems which are studied macroeconomics are: economic growth and its rate; economic cycle and its causes; employment and unemployment; general price level and the inflation problem; the level of interest rates and monetary issues; public finances, the problem of financing the budget deficit and public debt problem; balance of payments and exchange rate issues; macroeconomic policy challenges. It is because there are a number of public or macroeconomic problems, there is a need in the emergence of an independent branch of economic theory, self-discipline - the macroeconomy. Macroeconomics does not simply describe the macroeconomic phenomena and processes, but also reveals the patterns and the relationship between them, explores the cause-and-effect relationships in the economy. Knowledge of macroeconomic dependencies and relationships to evaluate the existing situation in the economy and to show that you need to do to improve, that is, allows the development of economic policies. Macroeconomics provides an opportunity to predict how the process will develop in the future, that is, to make forecasts, to predict future economic problems.
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