Macro Economics Question Paper 2021 (Held in 2022), Dibrugarh University B.Com 2nd Sem Hons

 Dibrugarh University B.Com 2nd Sem Question Papers
Macro Economics Question Paper 2021 (Held in January/February, 2022)
COMMERCE (Generic Elective)
Paper: GE-202 (Macroeconomics)
Full Marks: 80
Pass Marks: 32
Time: 3 hours

The figures in the margin indicate full marks for the questions

1. Answer the following as directed:                                        1x8=8

(a)       Mention any one of the macroeconomic variables.

(b)       What is the basic equilibrium condition of a market?

(c)        Write the formula for ‘sacrifice ratio’.

(d)       Write one of the determinants of aggregate supply.

(e)       State the equation for consumption function.

(f)         Mention one component of demand for money.

(g)       What is income elasticity?

(h)       Select the correct answer: The rise in wages results in demand pull/cost push inflation.

2. Write short notes on any three of the following:            4x3=12

(a)       Social cost of inflation.

(b)       Role of fiscal policy.

(c)        Supply of money.

(d)       Rate of interest differentials in case of a large economy.

(e)       Frictional vs. Wait unemployment.

3. (a) Discuss with appropriate diagram the ‘circular flow of income and expenditure’ in a two-sector economy. Name four determinants of demand.    8+4=12


(b) Discuss the equilibrium in the goods and money market with the help of IS-LM framework.     12

4. (a) What is Philips curve? Explain the interrelationship between inflation and unemployment rate with the help of the Philips curve.              2+10=12


(b) Discuss the concept of natural rate of unemployment. Write various causes of rising and falling inflation.   2+10=12

5. (a) Discuss the Mundell-Fleming model with fixed prices in a small open economy with fixed exchange rate.      12


(b) Explain the process of flows of goods and capital in an open economy. How does exchange rate after investment in an open economy? 7+5=12

6. (a) Discuss various determinants of business fixed investment. What are the residential and inventory investment? 6+6=12


(b) Discuss the portfolio and transaction demand theories for real balances.                          6+6=12

7. (a) Discuss the components of supply of money. What are interest and income Elasticities for real balances?                6+6=12


(b) Explain the relationship between inflation and interest rates. Explain briefly the role of labour market in production system.                4+8=12


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