7 ےس

3

Part B (Very Short Answer Type Questions)

What are the fiscal measures ?

D 70454

ten questions.
ton carries 2 marks.

What is money Illusion ?

5, Examine the meaning and significance of Pigou effect.

Briefly explain the Cambridge cash balance approach.

_ Write a note on Keynes’ law of consumption,

What is Marginal Efficiency of Investment ?
What do you mean by full employment ?

What is inflation ?

. Differentiate between APS and MPS.

What is meant by Real Balance Effect ?

. What are the important factors determining consumption ?

. ‘Distinguish between Classical and Keynesian aggregate supply curve.

(10 x 2 = 20 marks)
Part C (Short Essay Type Questions)

Write any six questions.
Each question carries 5 marks.

Distinguish between macroeconomics and microeconomics.
Explain the following concepts :
(a) GDP.
(b) GNP. ۱
) NNP. . * ।
(d) Disposable Personal Income. न
Explain the major pillars of classical ‏سی‎
‎e income hyp?
Hypothesis:

ച്ച 007+ Real GDP and potential GDP. ۱
en nom

esis over absolute income hypothesis.
Explain the superiority of relativ

Give a brief account on Life Cycle

Explain the difference betwe ry 8325 with suitable diagrams.
deflationa

? 5 = 30 marks)
ants of investments ۱ (6 x

Explain inflationary and

What are the determin

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