ECONOMICS-2015: Daily Answer Writing Challenge – 20
- Why is under-employment equilibrium possible in Keynesian economics, but not possible in Classical economics? Give reasons. (2012 – 20 marks)
- What do you mean by money multiplier? What are the factors that determine the value of the multiplier? (2012 – 20 marks)
- Why does the point of intersection of IS and LM carves coincide with two markets? (2012 – 20 marks)
- What are the fiscal and monetary implications of vertical IS and vertical LM curves? (2012 – 20 marks)
