Practice Introduction - 2.1 | Chapter 2: Theory of Income and Employment | ICSE Class 12 Economics
K12 Students

Academics

AI-Powered learning for Grades 8–12, aligned with major Indian and international curricula.

Professionals

Professional Courses

Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.

Games

Interactive Games

Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define aggregate demand.

💡 Hint: Think about total consumption, investment, government spending, and net exports.

Question 2

Easy

What does the term equilibrium refer to in economics?

💡 Hint: Remember the balance point in a scale.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is aggregate demand?

  • Total goods and services demanded
  • Only consumer spending
  • Only government spending

💡 Hint: Think broadly about all types of economic demand.

Question 2

The Classical view suggests that economies are self-correcting.

  • True
  • False

💡 Hint: Remember that Classical theory believes in market mechanics.

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

How would a sudden increase in consumer confidence in the economy affect aggregate demand and the equilibrium? Discuss the potential long-term implications.

💡 Hint: Consider the ripple effects of increased economic activity.

Question 2

Evaluate how a fiscal stimulus package during a recession might impact the multiplier effect within the economy. What are the potential risks?

💡 Hint: Think about how increased spending can lead to unforeseen consequences if the economy is pushed too hard.

Challenge and get performance evaluation