Gujarat University 2005 B.A Political Science Third Year - Economics - VI - Question Paper
Seat No.
TA-08
Economics Paper-VI
(Money and Macro Economics)
Time : 3 Hours] [Max.
Marks : 70
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{fl+eyk hni+e A.
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yUkdk
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(1) rnfMkLkk 9Akkh [CLkk rMksAkik.
(2) okyfLkk rMksAkik.
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(4) rVrAMk h%k.
(5) Vfkk9ksLP %kA.
: 70
Instructions : (1) Figures to the right indicate full marks of the questions.
(2) Answer must be precise and relevant.
1. (a) What is meant by the demand for money? Discuss factors which
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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. Says law of market.
2. Explain Fishers quantity theory of money. What are its limitations?
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OR
Describe the methods of calculating national income. Discuss its main difficulties and problems.
3. Discuss the limitations of Keyness concept of marginal efficiency of capital by explaining the same.
OR
Discuss critically Keyness concept of income and employment determination.
4. Describe the main objectives of monetary policy. What are the limitations of monetary policy?
OR
What is meant by inflation? Describe the economic effects of inflation.
5. Write short notes (any two) :
(1) Hicks trade cycle theory.
(2) Theory of multiplier.
(3) Rules v/s Authority controversy of monetary policy.
(4) Philips curve.
(5) Inflationary gap.
TA-08 2
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| Earning: Approval pending. |
