Gujarat University 2007 B.A TA-08 Economics -VI (Money and Macro Economics) - Question Paper

TA-08

Economics Paper-VI
(Money and Macro Economics)

Seat No. :

Time : three Hours] [Max. Marks : 70

Instructions : (1) Figures to the right indicate full marks of the ques.. (2) Answer must be precise and relevant.

1. (a) What is meant by the demand for money? explain factors which (14)
determine the demand for money.

(b) Explain the construction and limitations of price index number.
OR
(a) Explain wage-cut theory of Pigou. (b) Explain J.B. Say’s legal regulations of market.

2. Explain Fisher’s volume theory of money. elaborate its limitations? (14) OR
define the methods of calculating national income. explain its main difficulties and issues.


3. Discuss the limitations of Keynes’s concept of marginal efficiency of capital by (14)
explaining the identical.
OR
explain critically Keynes’s concept of income and employment determination.


4.Describe the main objectives of monetary policy. What are the limitations of (14)
monetary policy?
OR
What is meant by inflation? define the economic effects of inflation.


5.Write short notes (any two) : (14)

(1) Hick’s trade cycle theory. (2) Theory of multiplier.
(3) “Rules v/s Authority” controversy of monetary policy. (4) Philip’s curve.
(5) Inflationary gap.

Earning:   Approval pending.