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PMS 2023 Economics Paper 2
How will you measure the Gross Domestic Product of a country? What difficulties are involved in its measurement?
Why does aggregate demand curve slope downward?
Give an example of a price that is sticky in the short run and flexible in the long run.
In IS-LM model,
How fiscal policy shifts the IS curve?
How monetary policy shifts the LM curve?
What is impact of an increase in taxes on the interest rate, income, consumption and investment?
Explain the difference between economic development and economic growth.
What are the obstacles to economic development?
Write notes on following:
Foreign direct investment
Issues in free flow of Trade under WTO
Define monetary policy. How it can be used to promote economic growth of the country?
What is meant by developing countries? Explain the common characteristics of developing countries.
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