NALANDA OPEN UNIVERSITY Macro Economics Question Paper



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NALANDA OPEN UNIVERSITY  M.A. (Economics)  PART–I, PAPER–II 
Macro Economics Question Paper 
Annual Examination, 2010 
Full Marks : 80 Time : 3 Hours 
Answer any Five Questions. All questions carry equal marks. 


1- Write an essay on the circular flow of National Income. What are the salient features of 
four sector economy ? 


2- Evaluate Keynes' psychological law of consumption. 


3- What is the marginal efficiency of investment ? How does it differ from marginal 
efficiency of Capital ? Discuss. 


4- What is LM Curve ? How is it derived ? 


5- Explain the credit creation methods followed by Banks. 


6- What do you know about crisis in Keynesian Economics ? Elaborate. 


7- Elucidate the Monetarist's view about the demand and supply of money. 


8- Define Inflation and describe Keynesian approach to Inflation. 


9- Describe the measures to contain Inflation in developed countries. 


10- Write notes on any Two of the following :– 


(i) (Balance of Payments Accounts). 
(ii)(Demand for Money). 
(iii)(Fisher's Equation). 



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