Differentiate between:

i) Demand pull and cost push inflation
ii) Nominal and real exchange rate

Explain the impact of the expansionary fiscal and monetary policy on equilibrium prices and output.

Explain short run and long run equilibrium of an economy with the help of diagram

What is inflation? Discuss various types of inflation.

(b.) Explain Unemployment-inflation trade off with the help of diagram. 

(a.) How is classical range of the LM curve different from Keynesian range? Explain with the help of a diagram

 (b) Explain how adjustments take place in IS-LM model to restore equilibrium.

 (a.) Explain how IS-LM curves are derived.

How does the Balanced budget multiplier work?

Define the term ‘invisibles’ in the Balance of Payments account. Give two examples of invisibles.

What are the measures of Money supply in India?

The aggregate income increases from 40 lakh to 200 lakh, as a result of an increase in investment of 16 lakh. What will be the values of MPC and MPS?

Explain various tools of monetary policy

a. Explain Keynesian theory of demand for money. b. Derive liquidity preference curve.

Explain the following:

a. Investment multiplier
b. Balance of Trade
c. Hot money
d. Gross Domestic Product and Gross National Product

Discuss the salient features of Classical theory. How is it different from Keynesian theory?

(b) Calculate GDPMP

Particulars                                                                  ₹ in crores
(i) Private final consumption expenditure                       15,000
(ii) Government final consumption expenditure              11,500
(iii) Gross fixed capital formation                                      1000
(iv) Increase in stock                                                          200
(v) Exports                                                                          500
(vi) Imports                                                                          700
(vii) Capital consumption allowances                                  650
(viii) Net indirect taxes                                                         500

(a.) Explain how Expenditure method is different from income method in estimation of National Income

Explain Production possibility curve with the help of diagram.

 Explain Circular flow in four sector model with the help of diagram.