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Theories of Employment and Income - Two Marks Study Materials

12th Standard EM

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Economics

Time : 01:00:00 Hrs
Total Marks : 30
    15 x 2 = 30
  1. Define full employment.

  2. What is the main feature of rural unemployment ?

  3. Give short note on frictional unemployment

  4. Give reasons for labour retrenchment at present situation

  5. List out the assumptions of Say’s law.

  6. What is effective demand ?

  7. What are the components of aggregate supply ?

  8. What are the four components of aggregate demand?

  9. Write a short note on Seasonal Unemployment

  10. What is Technical Unemployment?

  11. Write any two Criticisms of Say’s Law.

  12. What is Aggregate demand?

  13. Write a note on “wage-price rigidity” Keynes.

  14. Comment : “Self-Adjustment not Possible”

  15. What is the main criticism of Keynes on Classicals?

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