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C 21239 (Pages : 3) ളില്‌ ee
‏يم‎ பவல்‌. ‏سم تو‎
SIXTH SEMESTER B.A. DEGREE EXAMINATION, MARCH 2017
(CUCBCSS—UG)
Economics
ECO 6B 11—MACRO ECONOMICS—II
Time : Three Hours Maximum : 80 Marks
Answers may be written either in English or in Malayalam.
Part A

Answer all questions.
Each question carries ¥ mark.

1. Quantity theory of money was first propounded by

(a) David Ricardo. (b) David Hume.
(6) JS Mill. (d) Davanzatti.
2. is the aggregate stock of money during a period of time.
(a) Narrow Money. (b) Outside Money.
(c) High Powered Money. (d) None of the above.
3. The concept of inflationary gap was given by
(a) Wicksell. (b) Keynes.
(c) Milton Friedman. (d) AW Phillips.
4. Which of the following is not an essential characteristic of business cycle?
(a) Recurrent nature. (b) Cumulative in effect.
(c) Regular. (d) All pervading in their impact.
5. Ashift in LM curve to the right is caused by the
(a) Increase in money supply. (b) Decrease in money supply.
(c) Decrease in income. (d) Rise in demand for money.

6. Bottle-neck inflation is a situation that sets in

(a) After the point of full employment.
(b) Before the point of full employment.
(c) After imposing price controls.

(d) During war period.

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