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Internal Assignment-2022-23
Program Name M.A. (Economics)
Paper Code – MAEC-02
M.A. (Economics)
Economic Theory - II
Max Marks: 20
Note: The Internal Assignment has been divided into three sections A, B, and C. Write Answer as per the given instruction.
Section-A
(Very Short Answer Type Questions)
Note: Answer all questions. As per the nature of the question you delimit your answer in one word, one sentence or maximum up to 30 words. Each question carries 1mark.
1. What is the national income accounting?
2. Write the formula for the employment multiplier of Keynes.
3. What is speculative demand for money?
4. Define Phillips curve.
Section-B
(Short Answer Questions)
Note: Answer any 2 questions. Each answer should not exceed 200 words. Each question carries 4 marks.
1. Discuss the classical and Keynesian approaches to the demand for money?
2. How does liquidity trap limit the scope of monetary policy as an effective instrument of economic policy? Discuss.
3. Analyze the trade cyclical theory of Samuelson. What are its major limitations?
Section ‘C’
(Long Answer Questions)
Note: Answer any one question. You have to delimit each answer maximum up to 500 words. Each question carries 08 marks.
1. What is meant by monetary policy? What should be its main objective in a developing economy like India?
2. Explain the difference between the nature and objectives of the fiscal policy in the developed and developing countries.
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