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Macro Economics: Instruction To Candidates
Macro Economics: Instruction To Candidates
Macro Economics: Instruction To Candidates
INSTRUCTION TO CANDIDATES :
1. SECTION-A is COMPULSORY consisting of TEN questions carrying T WO marks
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3. Each Sub-section contains T WO questions each, carrying T EN marks each.
4. Student19333
has to attempt
19333any ONE question from19333
each Sub -section.
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1. 19333
Write briefly : 19333
SECTION-A
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.r c 19333 19333
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a. Define macroeconomics.
p e o
b. What are the two 19333
a
major difficulties
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19333 19333 19333 19333in measuring national income?
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r p e
b p
19333 19333 d. Critically
19333 evaluate19333
the say's law of market briefly.
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b
g. What is a static multiplier?
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h. Compare
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the classical
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and Keynesian
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theory of19333
interest rate. 19333 19333 19333
i. Define CRR.
j. What are open market operations?
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SECTION-B
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UNIT-I
2. Explain the various concepts of national income. Under what circumstances national
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tends to be underestimated?
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UNIT -II
4. ‘Supply creates its own demand’. Critically examine this statement.
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5. Compare and contrast the life cycle and permanent income hypothesis.
UNIT -III
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6. Discuss the concept of multiplier as put forward by Khan and Keynes.
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7.
19333 inducement
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What do you mean by induced investment? Discuss in detail the determinants of
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.r c
UNIT - IV
8. Distinguish between demand pull and cost push inflation. How have these two19333
views on
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e
inflation been reconciled?
9.
p o
Compare and contrast the transactions and cash balances approach of quantity theory of
a .r c
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money.19333 19333 19333 19333 19333 19333 19333
r p e
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b 19333 19333
a
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p
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rp
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2|M C o de 10 5 45 (S12)-708