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Answer the following question.
Discuss any two properties of the indifference curve.
Concept: Properties of Indifference Curve
Answer the following question.
Find the value of additional investment made by the government, when MPC 05 and the increase in income (ΔY) = ₹ 1000.
Concept: Investment Multiplier and Its Mechanism
Answer the following question.
What is meant by autonomous consumption? Explain with the help of a diagram.
Concept: Consumption Function and Propensity to Save
Answer the following question.
Explain the concept of deficient demand with the help of aggregate demand and aggregate supply curves. Discuss one physical and one monetary measure to correct it.
Concept: Concept of Aggregate Demand and Aggregate Supply
A consumer spending on the purchase of goods regardless of the income in possession is an example of _______ consumption.
Concept: Consumption Function and Propensity to Save
Complete the following schedule -
| Y | C | APC | MPC |
| 100 | 90 | ? | ? |
| 120 | 108 | ? | ? |
Concept: Consumption Function and Propensity to Save
How is it determined by using Saving and Investment approach?
Concept: Concept of Aggregate Demand and Aggregate Supply
Discuss the mechanism of investment multiplier with the help of a numerical.
Concept: Investment Multiplier and Its Mechanism
The aggregate utility obtained from the consumption of a specific unit of a commodity is called ______.
Concept: Cardinal Approach (Utility Analysis)
The figure given below shows the relation between the quantity demanded for the good X and the price of the good Z. What type of goods are X and Z?
Concept: Demand
The figure given below shows the relation between the quantity demanded for the good X and the price of the good Z. What type of goods are X and Z?
Concept: Demand
Complete the following table:
| INCOME (Y) |
SAVING (S) |
APC |
| 0 | (-) 12 | |
| 20 | 6 |
Concept: Consumption Function and Propensity to Save
Give the meaning of deficient demand.
Concept: Problems of Excess Demand and Deficient Demand
Why is effective demand also known as expost demand?
Concept: Concept of Aggregate Demand and Aggregate Supply
Explain the concept of Investment Multiplier using a diagram.
Concept: Investment Multiplier and Its Mechanism
With the help of a diagram, explain how the consumer will attain equilibrium on the consumption of a single commodity at a given price.
Concept: Consumer's Equilibrium
Refer to the diagram given below and choose the incorrect statement.
Concept: Equilibrium Output
If S > I, it will lead to ______.
Concept: Problems of Excess Demand and Deficient Demand
Mention any one difference between Induced investment and Autonomous investment.
Concept: Investment Multiplier and Its Mechanism
How is APS obtained from the APC?
Concept: Consumption Function and Propensity to Save
