Every able bodied person who is willing to work at the prevailing wage rate is employed called as ___________

(a)

Full employment

(b)

Under employment

(c)

Unemployment

(d)

Employment opportunity

According to Keynes, which type of unemployment prevails in capitalist economy ?

(a)

Full employment

(b)

Voluntary unemployment

(c)

Involuntary unemployment

(d)

Under employment

_________ Flexibility brings equality between saving and investment

(a)

Demand

(b)

Supply

(c)

Capital

(d)

Interest

Rate of interest is a stock

(a)

Socialism

(b)

Keynesianism

(c)

Classicism

(d)

All the above

'Rate of interest is a reward for parting with liquidity' - Its belongs to which theory.

(a)

Keynesianism

(b)

Socialism

(c)

Both 'a' and 'b'

(d)

Classicism

Define full employment.

Give reasons for labour retrenchment at present situation.

What are the components of aggregate supply?

Write a short note about Keynes theory?

What is unemployment?

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

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

Write any five differences between classism and Keynesianism.

Distinguish between Fictional and Structural unemployment.

Explain how it might be possible for the unemployment rate to decline even though the number of unemployed is growing

Critically explain Say’s law of market

Narrate the equilibrium between ADF and ASF with diagram

List out all assumption of say's law of market?

Comparison of Classicism and Keynesianism.