Describe and explain the modern consumption theory.
What is investment expenditure? Why is it so important for an economy?
Describe the relationship between investment expenditure and interest rate.
Briefly Describe the model of aggregate demand and aggregate supply. Which macroeconomic variables does it explain?
Which factors determine aggregate demand?
Describe how a dollar depreciation would affect aggregate demand and aggregate supply?
Apply the model of aggregate demand and aggregate supply to explain the demand-pull and cost-push inflation."