Define Macro Economics

What is meant by an ‘Economy’?

What do you mean by Capitalism?

‘Circular Flow of Income’ - Define.

Define full employment.

Give short note on frictional unemployment.

List out the assumptions of Say’s law.

What are the components of aggregate supply?

What do you mean by propensity to consume?

Define marginal propensity to consume (MPC).

Define average propensity to save (APS).

Define Multiplier.

Define Money.

What is commodity money?

What is Stagflation?

What is credit creation?

Distinguish between CRR and SLR

What is rationing of credit?

State any two merits of trade.

Define Terms of Trade.

Mention any two objectives of ASEAN.

When and where was SAARC Secretariat established?

Define economic planning

What are the kinds of data?

Define Regression.