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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