Loyola College B.A. Economics Nov 2012 Macro Economics – II Question Paper PDF Download

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A., DEGREE EXAMINATION – ECONOMICS

FIFTH SEMESTER – NOVEMBER 2012

EC 5504 – MACRO ECONOMICS – II

 

 

 

Date : 01-11-2012              Dept. No.                                       Max. : 100 Marks

Time : 9.00 – 12.00

 

PART – A

 

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

 

  1. Define Relative Income Hypothesis.
  2. Explain the term ‘Recovery’.
  3. What is Accelerator?
  4. Explain Cost Push inflation.
  5. List out the effects of inflation.
  6. Briefly explain Kaldor’s model of income distribution.
  7. Define economic stability.

 

PART – B   

                                       

Answer any FOUR questions in about 250 words each:                           (4 X 10 = 40 Marks)

 

  1. Explain Absolute Income Hypothesis.
  2. Discuss Schumpeter’s Trade Cycle theory.
  3. Explain the principle of Multiplier.
  4. Examine the causes of inflation.
  5. Analyse Harrod-Domar model of growth.
  6. Explain the fiscal policy measures available to maintain economic stability.
  7. Discuss the effectiveness of open market operations.

 

PART – C    

                                      

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

 

  1. Critically evaluate Permanent Income Hypothesis.
  2. Elucidate Hicks’ model of Trade Cycle.
  3. Trace the effects and the remedial measures for controlling inflation.

Analyse the usefulness of fiscal policy measures in maintaining economic growth.

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