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SECOND SEMESTER B.A/B.Sc. DEGREE EXAMINATION, APRIL 2020
(CBCSS—UG)
Economics
ECO 2B 02—MACROECONOMICS—I
(2019 Admissions)
: Two Hours and a Half Maximum : 80 Marks
Section A (Short Answer Questions)

Maximum marks in this section are 25.
Students can attempt all questions.
Each question carries a maximum of 2 marks.

Distinguish between stock and flow variables. +
Distinguish between endogenous and exogenous variable.
What do you mean by neutrality of money ?

Write a note on classical dichotomy.

What do you understand by macro-economic crisis ?
Write and explain Fisher’s Equation of Exchange.

What is money illusion ?

Explain the concept of effective demand.

What are the functions of money ?

Write a note on the concept Keynesian Liquidity Trap.
Distinguish between nominal and real interest rate.

What are the measurements of money supply ?

Explain tax and expenditure multiplier.

What are the fiscal measures ?

What is Marginal Efficiency of Invesiment ?

Turn over