LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

FIFTH SEMESTER – APRIL 2012

EC 5504 – MACRO ECONOMICS – II

 

 

 

Date : 25-04-2012              Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

 

PART – A     

           

Answer any FIVE questions in about 75 words each:                                                       (5×4=20)

1. State the different types of trade cycles.
2. Bring out the various steps in innovation.
3. What is inflationary gap?
4. State the determinants of savings.
5. Briefly analyse Hayek’s theory of trade cycle.

6. What is growth with stability?

1. Bring out the determinants of general price level.

PART – B                 

 

Answer any FOUR questions in about 300 words each:                                                   (4×10=40)

1. Explain the absolute income hypothesis.
2. Trade cycle is purely monetary phenomenon-Elucidate.
3. Analyse the causes of inflation.
4. Discuss the salient features of Kaldor’s model.
5. Examine the effects of multiplier.
6. Discuss the objectives of monetary policy.
7. Bring out the effects of inflation.

       PART – C                      

 

Answer any TWO questions in about 900 words each:                                                     (2×20=40)

1. Explain Friedman’s permanent income hypothesis.
2. Critically analyse Hicks theory of trade cycle.
3. Discuss the different types inflation.
4. Analyse Harrod-Domar growth model.

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