St. Britto Hr. Sec. School - Madurai
12th Economics Weekly Test - 2 ( Theories of Employment and Income )-Aug 2020
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Comparison of Classicism and Keynesianism
-
In each of the following scenario, classify the individual as frictionally,structurally, or cyclically unemployed. Explain your classification.
(a) There has been a general economic slow down. Because of weak demand, Kumar has lost his portering job at the railway station.
(b) Sathish, a newly qualified dental graduate, is looking for a place to set up practice.
(c) Latha is thrown out of work by the introduction of a more mechanized production process.
(d) Devi, a computer programmer with a large bank, quit her job two months ago in search of a better-paid programming position. She is still looking. -
Narrate the equilibrium between ADF and ASF with diagram
-
Draw the diagram ADF.
-
Explain the differences between classical theory and Keynes theory.