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6th July 2018, 12:16 PM
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| Re: Hyderabad University MA Economics Entrance Question Papers
The University of Hyderabad is an Indian Public Research University located in Hyderabad, Telangana, India. Founded in 1974, this mostly residential campus has more than 5,000 students and 400 faculty, from several disciplines The Question Paper of the MA Economics Entrance Exam of the University of Hyderabad is given below Suppose the government wants to increase aggregate demand without increasing interest rates. You would recommend A. reducing transfer payments and increasing the money supply. B. increasing govemment spending and reciucing the moneyiupply. C. increasing taxes and the money supply. D. increasing government spending and the money supply. Macroeconomic policy Trilemma refers to: A. Incompatibility among the three policies of an independent monetary policy, free capital mobility and a floating exchange rate system. B' Incompatibility among the policies of independent monetary policy, independent fiscal policy and the fixed exchange rate system. C. Incompatibility among the three policies of stabilization, structural adjustment and independent fiscal policy. D. None of the above. Walras' law states the following - A. If (n-1) markets clear in a total of n markets, market n will also automatically clear: B. There are economic profits in a state of general equilibrium of the economy. C. Other things being equal, an increase in the price of a commodity will reduce the quantity demanded of it. D. An individual's utility is determined by consumption and reisure. . According to Keynesian macreconomics, employment is determined via: A Labour market B. Financial market C. Product market D. Money market .ln 1967, Milton Friedman stated that there is no trade-off between inflation and unemployment in the long run. Which of the following refutes that position? A. The long-run Phillips Cwve is vertical. B. Unemployment retums to its natural level. C. All changes in inflation are correctly anticipated. D. The long-run Phillips Curve is steeper than originally imagined, but it is not vertical. Public goods have the following characteristics: A. Non-exclusivity and non-perishability B. Non-exhaustiveness and non-rivalness C. Non-rivalness and non-exclusivity D. Non-exclusivity and non-exhaustiveness Which statement below reflects the essence of Arrow's impossibility theorem? A. It is impossible to achieve pareto efficiency in the economy. B. It is impossible to maximize technical efficiency inthe economy. C. No collective decision-making rule can guarantee results that are not unfair or paradoxical. D. It is impossible to do any collective action. . Rational Expectations means: A. Economic Agents' expectations of the future are always right. B. Economic Agents' expectations of the future are always reasonable. C. Economic Agents' expectations of the future are never systematically wrong. D. Economic Agents' expectations of the future are consistent with the past experience. The effect that holds that nominal interest rates should move to the natural rate of interest plus the expected rate of inflation is called the: A. Adaptive Effect B. Keynes Effect C. Pigou Efbct D. Fisher Effect . In the liquidity trap case where the LM schedule is nearly horizontal, A. both monetary and fiscal policy are highly effective. B. monetary and fiscal policy are ineffective. C. monetary policy is ineffective and fiscal policy is effective. D. fiscal policy is ineffective and monetary poticy is effective. . Poverty gap A. Is the proportion of people below poverty line B. Is the gap between total number of people and the number of poor. C. Is the income inequality among people in a country. D. Is the mean distance separating the population from the poverty line expressed as a percentage of the poverty line (non-poor have zero distance) Labour Theory of Value states that A. Value of a commodity is produced only by cunent workers. B. Value of a commodity is the sum of the value of all inputs (past labour) as well as the current value added by workers c. value of a commodity is equal to the sum of wages and salaries of workers. D. Value of a commodity is equal to the sum of the marginal products of different factors of production . A firm is employing 100 units of labor and 50 units of capital to produce 200 widgets. Labor costs Rs.10 per unit and capital Rs.5 per unit. For the quantities of inputs employed, MP r: 2 and MP : 5. In this situatiorr, the firm A. is producing the maximum output possible given the prices and relative productivities of the inputs. B. could iower its production costs by using more iabor and less capitai. C. could increase its output at no extra cost by using more capital and less labor. D. should use more of both inputs in equal proportions Question Paper of the MA Economics Entrance Exam of the University of Hyderabad     Contact Details : University of Hyderabad Address: CUC, Prof C. R. Rao Road, P O Central University, Gachibowli, Hyderabad, Telangana 500046 Phone: 040 2313 2102 Rest of the Questions you may get from the below Attachement that is Free to Download |