कदचन டட டட _ : oe)

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2 C 60213

The lowest point in a business cycle is known as :

(a) Recession. (b) Peak.
(c) Depression. (d) Trough.
IS curve has a —————— slope.
(a) Negative. (b) Positive.
(c) Parallel. (d) Noslope.
The concept of multiplier was first developed by :
(a) J.M. Keynes. (b) J.R. Hicks.
(c) Hansen. (d) A. F. Khan.
For an open economy model which curve is added to the IS-LM :
(a) J curve. (b) Demand curve.
(c) BP curve. (ம்‌) Ms curve.

A situation in which a person does not get the type of work he is capable of doing is known as :
(a) Structural unemployment. (b) Under employment.

(c) Natural rate of unemployment. (d) Open unemployment.

Lon run Philips curve is :
(a) Vertical. (b) Horizontal.
(c) Parallel. (d) Kinked.

(12 x %=6 marks)
Section B (Very Short Answer Questions)

Answer any ten questions.
Each question carries 2 marks.

What is money ?

What is money multiplier ?

What is GDP deflator ?

Define natural rate of unemployment.

Distinguish between demand pull and cost push inflation.
What are the phases of a business cycle ?

Define structural unemployment.

Define BP curve.