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
GNP-Depreciation is known as
NDP NNP
NDP at market price NNP at market price
The social accounting method is invented
Hlcks Marshall
J.B. Say JBVC
Net domestic product is
GDP at factor cost-Depreciation
GNP at factor cost-Depreciation
National income-Depreciation
Net national income-Depreciation
are the methods of calculating national income.
Output Expenditure
Income All of the above
The Inventory approach for demand for money was invented by
Baumol Don Patinkin
J.M. Keynes Fisher
Liquidity trap shows the relation between
Interest rate and demand for capital
Interest rate and speculative demand for money
Interest rate and demand for credit
Interest rate and demand for durable goods
According there is inverse relationship between transaction
demand for money and rate of interest.
J.M. Keynes Dr. Marshall
Friedman Baumol
The real balance may include
Currency with the public Demand deposit
Time deposit All the above
Shifting IS curve back ward to the origin indicate that
Reduction in rate of interest and increase in income
Increase in rate of interest and Decrease in income
Decrease in rate of interest and Decrease in income
No change in rate of interest and level of income
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SLR-HE-20
10) LM curve shows the relationship between
Rate of interest and level of income
Demand for money and supply of money
Rate of interest and demand and supply of money
Rate of interest and supply of money
11) IS-LM model is given
Hicks and Allan
Hicks and Hansen
Hicks and Heckscher
Hicks and Ohlin
12) A situation where prices of the commodity are increasing and at the same
time the level of unemployment also increases, is known as
Stagflation Inflation
Natural rate of unemployment Recession
13) Trough is called as
Recovery Prosperity
Depression Recession
14) Waves like fluctuation in the economy is known as
Inflation Trade cycle
Recession Creeping inflation
Q.2 Write short notes (any four): 12
Expenditure method of measuring national income.
Real Balance Effect.
Interest cost.
Liquidity Trap.
Stabilization policy.
Q.3 Write short notes (any four): 16
What is a circular flow of income?
What is net national product?
What is velocity of money?
What is mean by transaction demand for money?
What is the natural rate of unemployment?
Q.4 Answer in detail (any 14
Explain balance of payment accounting method.
Explain the modern theory of quantity demand theory.
Discuss the various phases of business cycle.
Q.5 Explain the various types of inflation in detailed manner. 14
OR
Explain the Short run and Long run Philip Curve.