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FIFTH SEMESTER B.A. DEGREE EXAMINATION, NOVEMBER 2016
(CUCBCSS—UG)
Economics
ECO 5B 07—MACRO ECONOMICS-I
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. Macro Economics is concerned with :
(a) The real output of goods and services.
(b) The general level of prices.
(c) The growth of real output.
(d) All the above.

2. Which of the following is not an assumption for quantity theory of money ?
(a) The price level is not an assumption for Q.T.M.
(b) Volume of transaction does not remain constant.
(c) Constant ratio between legal tender money and credit money.
(d) Constant velocity of circulation.

3. Who first introduced the concept of Effective Demand ?

2 (a) J.M. Keynes. (b) A.C. Pigou.

(c) Thomas Robert Malthus. (d) Alfred Marshall.

4. Which of the following statement is correct ?
(a) A variable is endogenous when its value is determined by forces outside the model.
(b) A change in an exogenous variable is classified as an autonomous change.
(c) A variable is exogenous when its value is determined by forces within the model.
(d) A-variable is autonomous when its value is determined by forces within the model.