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Match the following Group:
| Group A | Group B | ||
| 1) | Aggregate Supply | a) | Expected receipts |
| 2) | Autonomous Investment | b) | Lord J. M. Keynes |
| 3) | Consumption | c) | Government Investment |
| 4) | A.P.C. | d) | ΔC/ΔY |
| 5) | Investment | e) | C/Y |
| f) | Addition to stock of capital | ||
| g) | Destruction of utility | ||
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State whether the following statement is true or false.
The equality between aggregate demand and aggregate supply determines the equilibrium level of employment.
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Define or Explain the following concept:
Aggregate Demand
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Define or Explain the following concept:
Aggregate Supply
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Give reason or explain.
Aggregate demand is a positive function of the level of employment and output.
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Distinguish between:
Aggregate Demand and Aggregate Supply
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Write Short note on:
Average Propensity to Consume
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Write Short note on:
Marginal Propensity to Consume
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Answer the following question:
What are the determinants of Aggregate Demand (AD)?
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Answer the following question:
What are the determinants of Aggregate Supply (AS)?
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State with reason whether you agree or disagree with the following statement.
Aggregate demand depends only on the consumption expenditure.
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State with reason whether you agree or disagree with the following statement.
Aggregate supply is influenced by the state of technology only.
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State with reason whether you agree or disagree with the following statement.
Positive net earnings from foreign transactions add to aggregate demand.
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Answer in detail.
Explain the determinants of aggregate demand.
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Answer in detail.
What is Aggregate Supply? Explain the determinants of Aggregate Supply.
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Answer in detail.
Explain the equilibrium between Aggregate Demand and Aggregate Supply.
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State with reason whether you 'agree' or 'disagree' with the following statement.
Central bank is a bank which issues notes.
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Write explanatory answer.
What is 'aggregate supply'? Explain the determinants of aggregate supply.
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The relationship between income and demand for inferior goods is ______.
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Explain the two-sector model of the circular flow of National Income.
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