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Theories of Employment and Income 3 Mark Book Back Question Paper With Answer Key

12th Standard

    Reg.No. :
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Economics

Time : 01:00:00 Hrs
Total Marks : 21

     3 Marks

    7 x 3 = 21
  1. Give short answer to the following
    (i) Seasonal unemployment
    (ii) Frictional unemployment
    (iii) Educated unemployment

  2. According to classical theory of employment, how wage reduction solve the problem of unemployment diagramatically explain.

  3. Write short note on the implications of Say’s law

  4. Explain Keynes’ theory.

  5. What do you mean by aggregate demand ? Mention its components.

  6. Explain about aggregate supply with the help of diagram.

  7. Write any five differences between classicism and Keynesianism.

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