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#### Introduction to Macro Economics Two Marks

12th Standard EM

Reg.No. :
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Economics

Answer All The Questions:
Time : 01:00:00 Hrs
Total Marks : 20
Part-A
10 x 2 = 20
1. Define Macro Economics

2. Define the term ‘Inflation

3. What is meant by an ‘Economy’?

4. What do you mean by Capitalism?

5. ‘Circular Flow of Income’ - Define

6. What are the demerits of socialism?

7. Give examples for Mixed Economic countries.

8. What is Economic Policies?

9. What are the subject matters of macroeconomic theory

10. Which are the four components of the macroeconomy?