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    Monetary Policy Fiscal Policy Qs

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    Snigdha Rohilla
    1) The document is a study material for class 12 economics students covering the topics of determination of income and employment, problems of deficient and excess demand. 2) It includes multiple choice questions and short answer questions about concepts like full employment equilibrium, underemployment equilibrium, involuntary unemployment, natural rate of unemployment, and how monetary and fiscal policy can address deficient and excess demand situations. 3) The study material aims to help students understand equilibrium in the economy at different levels of output and employment, and the tools that can be used by governments to correct deficient or excess demand.

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    Monetary Policy Fiscal Policy Qs

    Uploaded by

    Snigdha Rohilla
    24 views13 pages
    1) The document is a study material for class 12 economics students covering the topics of determination of income and employment, problems of deficient and excess demand. 2) It includes multiple choice questions and short answer questions about concepts like full employment equilibrium, underemployment equilibrium, involuntary unemployment, natural rate of unemployment, and how monetary and fiscal policy can address deficient and excess demand situations. 3) The study material aims to help students understand equilibrium in the economy at different levels of output and employment, and the tools that can be used by governments to correct deficient or excess demand.

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    Monetary policy fiscal policy qs

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    1) The document is a study material for class 12 economics students covering the topics of determination of income and employment, problems of deficient and excess demand. 2) It includes multiple choice questions and short answer questions about concepts like full employment equilibrium, underemployment equilibrium, involuntary unemployment, natural rate of unemployment, and how monetary and fiscal policy can address deficient and excess demand situations. 3) The study material aims to help students understand equilibrium in the economy at different levels of output and employment, and the tools that can be used by governments to correct deficient or excess demand.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    24 views13 pages

    Monetary Policy Fiscal Policy Qs

    Uploaded by

    Snigdha Rohilla
    1) The document is a study material for class 12 economics students covering the topics of determination of income and employment, problems of deficient and excess demand. 2) It includes multiple choice questions and short answer questions about concepts like full employment equilibrium, underemployment equilibrium, involuntary unemployment, natural rate of unemployment, and how monetary and fiscal policy can address deficient and excess demand situations. 3) The study material aims to help students understand equilibrium in the economy at different levels of output and employment, and the tools that can be used by governments to correct deficient or excess demand.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    DELHI PUBLIC SCHOOL, DURGAPUR

    STUDY MATERIAL XXII (2020-21)


    CLASS- XII
    SUBJECT- ECONOMICS
    _____________________________________________________________________________________
    DETERMINATION OF INCOME AND EMPLOYMENT
    PROBLEM OF DEFICIENT DEMAND AND EXCESS DEMAND
    PROBLEMS: -
    A. Multiple Choice: -
    1. Full employment equilibrium refers to a situation of :
    (a) AD = AS ( with fuller utilisation of resource)
    (b) Zero unemployment
    (c) Both (a) and (b)
    (d) None of these
    C. Answer the following questions:
    1. What is full employment equilibrium?
    2. Give the meaning of underemployment equilibrium.
    3. What is involuntary unemployment?
    4. What is natural rate of unemployment?
    5. Does full employment mean zero unemployment?
    6. How should reserve repo rate be changed to check inflation?
    7. What is monetary policy?
    8. What is fiscal policy?
    9. Equilibrium beyond full employment is a better situation (in terms of level of GDP) than
    equilibrium at full employment. Defend or refute.
    10. What is the effect of deficient demand on output, employment and price?
    11. Exemption limit for the payment of income tax has been raised from Rs. 2 lakh to Rs. 2.5
    lakh, for the financial year 2017-18. Do you think it would help to correct the deficiency
    of demand even when MPC remains constant?
    12. Briefly state how monetary policy is used to correct deficient demand.
    13. Explain the role of taxation in reducing excess demand.

    **************************

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