Q.No. 2 Differentiate between the following:

 (i) Internal Balance and External balance 

(ii) Crowding out in liquidity trap and classical case 

(iii) Nominal Exchange Rate and Real Exchange Rate

(iv) Shift in IS curve and LM curve 

(v) AS and AD in macroeconomics and SS and DD in microeconomics

Answer rating: 100% (QA)

Difference between following i Internal Balance and External balance Internal balance Itis a state in which a country maintainsprice level stabilityandfull employment It is a function of a countrys to... View the full answer