1. What do you mean by GNP at factor cost.
2. Explain Say’s Law of Markets in detail.
3. What do you understand by Marginal Propensity to consume?
4. Explain Marginal Efficiency of Investment.
5. What do you understand by Dynamic Multiplier?
6. What do you mean by Recession?
7. What do you understand by Innovation theory of Trade Cycles?
8. What do you understand by open markets operations?
9. Describe Budget Deficit in detail.
10. Explain cost push inflation in detail.