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Economics – 2014: Answer Writing Challenge – 26


02 October 2014

Q1) “New Classical Macroeconomics not only rejects the demand management policies of Keynes, but also the proposition of mainstream monetarist such as Friedman” Do you agree ? (200 Words)

Q2) Outline Keynesian theory of income, output and employment. Do you subscribe to the view that the principle of effective demand is the logical starting point of this theory? Elaborate your answer ? (250 Words)
Q3) Analyse the impact of Agreement on Agriculture in WTO on Indian agriculture. (200 Words)