PAPER 1

PART II

Q2. Explain as how the market demand curve can be derived from indifference curve approach?

Q3. Define Multiplier. Also explain the impact of multiplier on national income and employment of the economy.

Q4. Compare and contrast the fisher and cambridge equation of money.

Q5. Explain the process of creation of credit money and also discuss its properties.

Q6. Explain as how inflation and deflation can be controlled by the central bank?

Q7. Critically analyze the slogan of, "trade not aid". Is it possible with the reference to Pakistan.

Q8. Critically discuss the Modern theory of International trade as how it impacts cost effectiveness?

Q9. write short note on the following:

(i) protection policy of industrial development
(ii) balance of payment as a domestic resource development