Related InterviewSolutions

• Fill in the blanks.1. Macroeconomics, as a separate branch of economics, emerged after the British economist ……….. 2. The General Theory of Employment, Interest, and Money’ was written in The General Theory of Employment, Interest and Money’ ………3. ‘General Theory of Employment, Interest, and Money’ was written by The General Theory of Employment, Interest and Money’ ………4. The Great Depression occurred in ……… 5. Macroeconomics finds an economy as a combination of four sectors, namely ………
• Below is given a few features of a phenomenon.Output and employment in the countries of Europe and North AmeruSft fell by huge amounts. Demand for goods was low. Factories remain idle.1. Identify the phenomena2. Name the book that explained a solution for this crisis. 3. Identify the branch of economics emerged after this
• Match A with B and C.ABCWealth of nationsAlfred marhshallGreat DepressionPrinciples of EconomicsKeynesMicro EconomicsGeneral theory of Employment, interest and moneyAdam smithFather of Economics
• Find the odd one out. Justify your answer. 1. Income of a family, production of rice, gross domestic saving, profit of a firm 2. Price of rice, wholesale price index, total exports, inflation 3. Partial equilibrium analysis, Entire economy, Individual units, Worm’s eye view 4. Aggregate units, Worm’s eye view, Bird’s eye view, General equilibrium analysis.
• Point out the significance of macroeconomics.
• Choose the appropriate answer a. The Greek word ‘macros’ means 1. small 2. large 3. very smallb. Partial equilibrium analysis is the methodology of 1. Microeconomics 2. macroeconomics 3. both microeconomics and macroeconomicsc. The words microeconomics and macroeconomics were coined by 1. J.M. Keynes 2. Ragner Frisch 3. Adam Smith
• Prepare a note on Macroeconomics.
• Match the followinga. Macro EconomicsGeneral Theoryb. Micro EconomicsIncome determination and stabilisation policy.c. J.M. KeynesAutomatic Adjustmentd. Classical economistPrice system and resource allocation.
• Some variables are given below. Classify them under two branches of economics. Utility GDP Inflation Demand for pen Aggregate Consumption Taxes
• Discuss the importance of macroeconomics.