Q. 2
Under perfect competition, how the firms earn abnormal and normal level of profits both in the short run and long run period? Explain with suitable diagrams.
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FPSC · CSS 2013
Economics, Paper I
This paper
Economics · all yearsQ. 2 · Under perfect competition, how the…Q. 3 · In the face of substantial…Q. 4 · What are the problems of…Q. 5 · As per Keynesian analysis, an…Q. 6 · What is meant by public…Q. 7 · What is the economics of…Q. 8 · Differentiate and explain monetary policy…With this paperPart-I MCQs13← 20122013 →3 hours · questions hide until you reveal them
Part II
Q. 3
In the face of substantial crowding out, which will be more successful fiscal or monetary policy? Explain in detail.
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Q. 4
What are the problems of excess sensitivity and excess smoothness? Does their existence disproves or invalidates the LC-PIH? Explain.
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Q. 5
As per Keynesian analysis, an increase in government spending raises the aggregate demand, so the fiscal policy by itself can be a source of inflation. Is this statement true, false or uncertain? Explain.
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Q. 6
What is meant by public expenditure growth? What are various causes of expenditure growth? Explain.
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Q. 7
What is the economics of dumping? Explain in detail.
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Q. 8
Differentiate and explain monetary policy multiplier and fiscal policy multiplier?
(20)
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The 2013 CSS Economics paper set by the FPSC. Question wording only; questions marked “Not yet checked” have not been compared with the official paper yet.
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