ECONOMICS HSC IMPORTANT GIVE REASONS OR EXPLAIN THE TERMS FOR 2019 BOARD EXAM.

Give reasons or explain the following (Any Three) (6)

A deficit budget may prove useful during the period of depression.

Cash reserve ratio (CRR) affects the lending capacity of banks.

Central Bank has the sole power of issuing currency notes.

Central bank acts as a lender of the last resort of commercial banks.

Labour cannot be stored.

Macroeconomic is also known as income and employment theory.