M.A. (Semester III) (CBCS) Examination Oct/Nov-2017
Economics
MACRO ECONOMIC ANALYSIS
Day Date: Saturday, 18-11-2017 Max. Marks: 70
Time: 02.30 PM to 05.00 PM
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Choose the correct option: 14
National income is the
Net national product at market prices
Net national income at the factor prices
Net domestic product at market prices
Net domestic product at factor cost
The difference between gross domestic product and net domestic product
equals
Transfer payments Depreciation cost
Indirect tax Subsidies
IS curve
Slopes download Slopes upward
Is vertical Is horizontal
Transaction demand for money depends upon income, was put forward by
Keynes Baumol
Tobin None of these
Quantity theory of money should be regarded as a theory of demand for
money. This view has been given by
D. H Robertson J. M Keynes
A. C Pigou M. Friedman
When the general level of prices is rising, we call that
Deflation Inflation
Elevation None of the above
Inflation brings most benefit to which one of the following.
Government pensioners Creditors
Savings bank account holders Debtors
Q.2 Write short notes (any four): 14
Gross domestic product
Circular flow of income in two sector model
LM curve
Fisher's transaction approaches to demand for money
Demand-pull inflation
Q.3 Short answer type question (Any 2 out of 14
Explain the flow of the fund accounting method
What is IS curve? How is it derived from good market equilibrium?
Explain briefly the different phase of business cycles?
Q.4 Descriptive types question with internal choice. (Any 1 out of 14
Keynesian theory of demand for money.
OR
What is the approach of Baumol and Tobin toward the demand for money?
Q.5 What is meant by Phillips curve? What is the shape of Phillips curve in the
short run?