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ECONOMICS – Daily Answer Writing Challenge, June 24, 2014

ECONOMICS – Daily Answer Writing Challenge, June 24, 2014

 

  1.  How are the absolute and relative poverty measured? What modification in it has been suggested by Amartya Sen? What are the recent advances in the area of poverty measurement? Discuss. (300 words)
  2. Explain the Keynesian theory of interest rate determination. What differences do you see between this theory and the classical theory of interest rate? (200 words)