Explaining classical theory of output and employment

Question

Question 1) define and describe the limitations of Macro Economics.

Question 2) Write down the assumptions of classical theory of employment?

Question 3) Explain the difficulties in the measurement of National Income?

Question 4) Differentiate between product and money market.

Question 5) What are the objectives of Macro Economic Policy?

Question 6) Describe the classical theory of output and employment.

Question 7) Describe the factors which govern the Propensity to consume.

Question 8) Describe the factors that determine aggregate demand and aggregate supply.

Question 9) What do you mean by Hicks theory of trade cycle.

Question 10) Write down the effects of inflation and how can inflation be controlled?

Question 11) Describe the theory of Multipliers.

Question 12) How are the IS-LM functions derived? How do they describe the general equilibrium in the product and money markets.

Question 13) Describe Keynes psychological law of consumption.