Question

onary gapidofiationery gap).
(choose the correct alternative).
1
10 The Impad of Excess Demand under Keynesian theory of income and
employment, in an economy are: (choose the correa altomative)
a. decrease in income, output, employment and general price level
b. decrease h nominal income, but no change in real output
G. Increase in income, output, employment and general price level
d. no change in output/employment but increase in general price level
1
1. State with valid reason, which of the following stabmont is true or false;
a. Real GDP is better indicator of Economic Development as eliminates the price offed
b. GNP market price is always greater than the GDP market price (1%+1% 3)
2 State, giving valid reasons, whether the following statements are true or
a. Depreciation of currency may boost the Exports
b. Borrowings from abroad are recorded in the Capital Account of the Balance of Payments
on the dobil side.
(1%+1% 3)
Or
accommodating transactions can correct the situation of BOP as they can affect assets
and abilities saus of a country
Dofend or refute the statement, with valid argument.​

Answer 1

Answer:

too long question

Explanation: