Loyola College B.A. Economics Nov 2008 Macro Economics – II Question Paper PDF Download

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

TA 36

 

   B.A. DEGREE EXAMINATION – ECONOMICS

FIFTH SEMESTER – November 2008

EC 5504 / EC 4500 – MACRO ECONOMICS – II

 

 

 

Date : 13-11-08                     Dept. No.                                       Max. : 100 Marks

Time : 9:00 – 12:00

PART  A

 

ANSWER ANY FIVE  QUESTIONS IN ABOUT 75 WORDS EACH

                                                                                       (5×4 =20MARKS)

 

  1. Define consumption function
  2. What is a trade cycle?
  3. Define inflation
  4. Explain the term ‘growth’
  5. Distinguish between monetary policy and  fiscal policy
  6. What are innovations?
  7. Define multiplier

PART B

 

ANSWER ANY FOUR QUESTIONS IN ABOUT 250 WORDS EACH

                                                                                     (4×10 = 40 MARKS)

 

  1. Explain absolute income hypothesis
  2. Briefly explain  multiplier-  accelerator  interaction model by Samuelson and Hicks
  3.  Discuss the various types of inflation
  4.  Explain Kaldor’s  model of income distribution through  differential savings.
  5. Explain Hawtrey’s theory of trade cycle
  6. What is inflationary gap? What measures need to be taken to close the gap.
  7. Mention the characteristics  of a trade cycle and explain the  different phases  of

a trade cycle.

 

PART  C

 

ANSWER  ANY TWO QUESTIONS IN  ABOUT 900  WORDS EACH

                                                                                   ( 2×20 = 40 MARKS)

 

  1. Explain Kaldor’s theory  of trade cycle.
  2. Discuss the causes and effects  of inflation. What measures need to be taken to control inflation?
  3.  Examine the Harrod – Domar  model of growth.

What is the role of  monetary and fiscal policy in maintaining  economic growth with  economic stability.

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