1. Explain in detail about Keynsian Theory of Employment.
2. What is expenditure method of estimation of national income? What precautions must be taken during estimating national income through expenditure method ?
3. What do you understand by Consumption Function? What are the factors which affect consumption function?
4. Critically describe the working of multiplier. Is multiplier based on static assumptions?
5. What do you mean by trade cycles? Describe Schumpeter’s Theory of Trade Cycle.
6. Describe what is the function of monetary policy in economic development?