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C 22144 (Pages : 2) ‏تتتق آل‎ ത്ത്‌ கண்னன்‌

SECOND SEMESTER (CBCSS-UG) DEGREE EXAMINATION, APRIL 2022

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Economics
ECO 2B 02—MACRO ECONOMICS—I
(2021 Admissions)

: Two Hours and a Half Maximum : 80 Marks

Section A

Answer atleast ten questions.

Each question carries 3 marks.

All questions can be attended.
Overall ceiling 30.

Explain effective demand.

Write a short note on the liquidity trap.

Distinguish between autonomous and induced investment.
Define Broad Money.

Explain neutrality of money.

Explain equation of exchange.

Distinguish between voluntary and involuntary unemployment.
Explain speculative demand for money.

Distinguish between final goods and intermediate goods.
Write a short note on the classical dichotomy.

Explain Keynesian investment function.

Write a short note on the deflationary gap.

Explain high powered money.

What is meant by fiscal policy.

Distinguish between stock and flow variables.

(10 x 3 = 30 marks)

Turn over

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