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Q1. describe why is the aggregate demand curve slopes downward?

Q2. describe why is the AS curve upward sloping in the short-run and vertical in long run?

Q3. Illustrate the difference between the short-run and the long run in macroeconomics?

Q4. Illustrate the meaning of business cycle?

Q5. Differentiate between the marginal propensity to consume and average propensity to consume.

Q6. describe why it is simpler for the central bank to deal with demand shocks than with the supply shocks?

Q7. Illustrate the meaning of balanced budget multiplier?

Q8. Illustrate the meaning of paradox of thrift?

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M912362

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