M.A. DEGREE EXAMINATION, APRIL 2018
Second Semester
Economics
MACRO ECONOMICS II
(CBCS 2017 onwards)
Time 3 Hours Maximum 75 Marks
Part A (10 x 2 20)
Answer all questions.
1. What is meant by supply of money?
2. Define money multiplier.
3. What is meant by Trade cycles?
4. What is hypothesis?
5. Short note Aggregate supply curve.
6. What are the determinants of phillips curve?
7. Write the significance of macro economics.
8. What is monetary policy?
9. Define Economic policy.
10. What is meant by role of expections?
Sub. Code
7MEC2C2
AFS-0501
2
Sp 6
Part B x 5 25)
Answer all questions, choosing either or
11. Explain the theory of money supply.
Or
Write a note on the velocity of circulation of money.
12. Explain the phrases of trade cycle.
Or
Explain the natural rate of unemployment
hypothesis.
13. Explain the Phillips curve.
Or
Explain the shifting of short-run Phillips curve.
14. Explain the neo-classical policy.
Or
Explain the Keynesian policy and deficit.
15. Explain the Uncertainty and economic policy.
Or
Explain the Portfolio approach.
AFS-0501
3
Sp 6
Part C x 10 30)
Answer any three questions.
16. Explain the determinants of the money multiplier crisis
in Keynesian economics and revival of monetarism.
17. Evaluate the Samuelson theory of Phillips curve analysis.
18. Discuss the Tobin's modified Phillips curve.
19. Discuss the Austrian Critique of Kenesian economics.
20. Criticism of Rational expectation Hypothesis.
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