Explain the circular flow of income and expenditure in a three Sector economy
[7 marks]Explain briefly various methods of measuring national income
[7 marks]Explain Say’s Law of Market
[7 marks]Explain Fisher’s Equation of Exchange
[7 marks]Explain the Principle of Effective Demand
[7 marks]Define Money and explain the functions of money
[7 marks]Explain the effects of inflation on different class of people
[7 marks]Explain meaning and different phases of Business cycle?
[7 marks]Explain Consumption Function
[7 marks]Explain the investment function
[7 marks]Define unemployment and explain the types of unemployment
[7 marks]Explain in detail four sector model for income determination?
[7 marks]Distinguish between Fiscal Policy and Monetary Policy
[7 marks]Explain how the fiscal instruments are used to control inflation
[7 marks]What do you mean by economic growth? Discuss the factors affecting economic growth.
[7 marks]Explain advantages and disadvantages of government expenditure as a measure to control economic fluctuations
[7 marks]Distinguish between micro economics and macro economics
[7 marks]