Q1. What do you mean by GDP deflater? Describe its role in the measurement of the economic performance.
Q2. Illustrate the meaning of economic fluctuation?
Q3. Describe and elucidate the Fisher equation.
Q4. Define the term investment multiplier? Find out its value if MPC = 0.8?
Q5. Deduce the aggregate saving and aggregate investment identity in an open economy.
Q6. Deduce the lump-sum tax multiplier for the Simple Keynesian Model.
Q7. Describe Fisher’s Quantity theory of the Money.