Question 1) Answer all the questions:
1) What do you mean by National Income?
2) Explain multiplier.
3) What is Financial Market?
4) Write down the difference between GSP and GNP.
5) What do you mean by time value of Money?
Question 2) Describe the circular flow of money in four sector economy.
Question 3) Describe the classical theory of Employment.
Question 4) Describe the Keynesian theory of output determination.
Question 5) Answer all the questions:
1) What do you mean by inflation?
2) What do you understand by hyper inflation?
3) What are the measures to control the inflation?
4) Define business cycle.
5) What are the different phases of business cycle?
Question 6) Discuss the theory of Demand pull inflation.
Question 7) Describe the theory of cost Push Inflation.
Question 8) Explain the Schumpeter innovation theory of inflation.