Gujarat University 2005 B.A Economics -VI - Question Paper

TA-08
Economics Paper-VI
(Money and Macro Economics)
Time : three Hours] [Max. Marks : 70 TA-08 2
Seat No. :

Instructions : (1) Figures to the right indicate full marks of the ques..

(2) ans 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) discuss the construction and limitations of price index number.
OR
(a) discuss wage-cut theory of Pigou.
(b) discuss J.B. Say’s legal regulations of market.
2. discuss 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. explain 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. define the main objectives of monetary policy. elaborate 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.