File Details:

Questions:

1. What do you understand by index number?
2. What is meant by neutrality of money?
3. Distinguish between demand-pull inflation and cost-push inflation.
4. Distinguish between deflation and disinflation.
5. Explain the concept of high-powered money.
6. Express the meaning of money multiplier.
7. Explain stagflation in your own words.
8. Explain the concept of inflationary gap.
9. Discuss the economic consequences of inflation and suggest measures to check inflationary pressure in the economy.
10. Explain Fisher's quantity theory of money.
11. Explain saving-investment theory of money.
12. Explain Milton Friedman's quantity theory of money.
13. Explain Phillips curve theory with the help of an appropriate diagram.