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Macroeconomic Theory
Notes 6.6 Keywords
y Effective Demand—Valuable order.
y Equilibrium—balance.
6.7 Review Questions
1. Define the employment principle of Keynes.
2. What is the aggregate demand? Explain
3. Write note on ‘Equilibrium decider’.
4. Clear the aggregate total supply.
Answers: Self Assessment
1. employment 2. special principle 3. Effective demand 4. (a)
5. (b) 6. (c) 7. True. 8. True
9. True 10. False
6.8 Further Readings
Books 1. Macroeconomics: Economic Growth, Fluctuations and Policy- Robert E.
Hall and David H. PaiPal, Vaina Books, 2010.
2. Macroeconomics: Theory and Policy- H. L. Ahuja, S. Chand Publisher,
2010.
3. Necessity of Macroeconomics- H.S.Nath, Syber Tech Publication, 2012.
62 LOVELY PROFESSIONAL UNIVERSITY
