1. In the last few years thousands of honeybee colonies have vanished, a result of bee colony collapse disorder. Roughly one-third of the US food supply - including a various variety of fruits, vegetables and nuts - depends on pollination from bees. The decline of honeybees threats $15 bn worth of crops in the US. How this decreased pollination would affect the ice-cream prices - show using a graph? And which kind of unemployment it is going to affect?
2. The starting salary for a new Assistant professor in India was Rs. 1500 in 1976. In 2005, it was Rs. 9000. The value of CPI for 2005 was 216.3 compared to 56.9 in 1976. In which year did a new hired professor earn more in real terms? Show the answer!
3. How would the open market sale of bonds by RBI would affect India's GDP? Show using a flow chart!

4. Bhiwandi is known for warehouses. Suppose the storage costs increase, forcing firms to hold less output in inventory, other things constant. Which component of SNA will be affected?

5. Rajesh had a quarrel with his supervisor, which forced him to leave the job and two weeks later he found another job. For two weeks, Rajesh experienced which unemployment

6. Balanced budget implies that spending increases during expansions and declines during recessions. If such pattern persists, what would happen during fluctuations in business cycles? If the aggregate supply curve is vertical in the long-run, which policy (fiscal or monetary or both) will have an effect on the aggregate output in the long run?

The Answer lag for monetary policy is generally ______ than it is for fiscal policy. Balanced budget implies that spending increases during expansions and declines during recessions. If such pattern persists, what would happen during fluctuations in business cycles? If the aggregate supply curve is vertical in the long-run, which policy (fiscal or monetary or both) will have an effect on the aggregate output in the long run?

The .................. for monetary policy is generally ______ than it is for fiscal policy.