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Theories of Employment and Income Three Marks Questions

12th Standard EM

    Reg.No. :
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Economics

Time : 01:00:00 Hrs
Total Marks : 30
    10 x 3 = 30
  1. According to classical theory of employment, how wage reduction solve the problem of unemployment diagramatically explain.

  2. Explain Keynes’ theory in the form of flow chart

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

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

  5. Explain the classical theory about unemployment?

  6. Give the factors on which the aggregate demand depends.

  7. What are the components of aggregate supply?

  8. Comment - “Ex ante and Ex post in Says’ Law

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

  10. What are the economic costs of unemployment?

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