Macro Economics Unit- 2

Questions

1. Explain concept of National Income.
2. Explain role of Households in National Income.
3. Explain role of Business firm in national Income
4. Explain Keynesian theory of effective demand.
5. What is Effective demand.
6. Explain APC.
7. Explain MPC.
8. Explain circular flow of National income.
9. Explain marginal propensity to consume in detail.
10. Explain working of Multiplier.
11. Explain functions of multiplier.
12. Explain investment function in detail.