Samacheer Kalvi solutions for Economics [English] Class 12 TN Board chapter 3 - Theories of Employment and Income [Latest edition]

Every able-bodied person who is willing to work at the prevailing wage rate is employed called as______.

Structural unemployment is a feature in a

In disguised unemployment, the marginal productivity of labour is______.

The main contention of the Classical Economic Theory is______.

J.B. Say is a______.

According to Keynes, which type of unemployment prevails in a capitalist economy?

The core of the classical theory of employment is______.

Keynes attributes unemployment to______.

______ Flexibility brings equality between saving and investment.

______theory is a turning point in the development of modern economic theory.

The basic concept used in Keynes Theory of Employment and Income is______.

The component of aggregate demand is______.

Aggregate supply is equal to______.

Keyne's theory pursues to replace laissez faire by ______.

In Keynes's theory of employment and income, ………….. is the basic cause of economic depression.

Classical theory advocates______.

Keynes's theory emphasized on ______ equilibrium.

According to classical theory, the rate of interest is a reward for______.

In Keynes's theory, the demand for and supply of money are determined by ______.

Say’s law stressed the operation of  ______in the economy.

Define full employment.

What is the main feature of rural unemployment?

Give a short note on frictional unemployment.

Give reasons for labour retrenchment in the present situation.

List out the assumptions of Say’s law.

What is effective demand?

What are the components of aggregate supply?

Write the following in short.

Seasonal unemployment

Write the following in short.

Frictional unemployment

Write the following in short.

Educated unemployment

According to the classical theory of employment, how to wage reduction solve the problem of unemployment diagramatically explain.

Write short note on the implications of Say’s law.

Explain Keynes’ theory in the form of a flow chart.

What do you mean by aggregate demand?

Mention its components.

Aggregate demand

Explain aggregate supply with the help of a diagram.

Write any five differences between classism and Keynesianism.

Describe the types of unemployment.

Critically explain Say’s law of market.

Narrate the equilibrium between ADF and ASF with a diagram.

Explain the differences between classical theory and Keynes theory