Macroeconomics Question Paper 2022, Dibrugarh University B.Com 2nd Sem Hons CBCS Pattern

 Dibrugarh University B.Com 2nd Sem Question Papers
Macro Economics Question Paper 2022 (June/July)
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) State any subject matter of macroeconomics.

(b) Write the meaning of effective demand.

(c) What do you understand by recognition lag?

(d) “Inflation is a monetary phenomenon.” Who said?

(e) GNPMP = ____?___ = GDPMP (Fill in the blank)

(f) Mention any one method of anti-inflationary fiscal measure.

(g) In an open economy, Y = C + I + G + ___?____. (Fill in the blank)

(h) Write the definition of cash reserve ratio (CRR).

2. Write short notes on any three of the following (within 150 words each):           4x3=12

(a) Static macroeconomic analysis.

(b) Role of monetary policy.

(c) Effects of inflation.

(d) Exchange rate.

(e) Demand for real balances.

(f) Open economy versus closed economy.

Also Read: Dibrugarh University Macroeconomics Question Paper
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3. Write about the components of aggregate expenditure. Discuss the long-run equilibrium using aggregate demand and aggregate supply.    6+6=12


What are the IS and LM curves? How are these curves derived? Write about the factors that cause shift in the IS and LM curves. 4+4+4=12

4. Discuss about the Keynesian view regarding the effectiveness of monetary and fiscal policy. Point out your views in favour of expansionary fiscal policy.         8+4=12


Define monetary and fiscal policy. Write about the instruments of monetary control of a country.               6+6=12

5. Define inflation. Point out two main causes of inflation. Explain different measures used for controlling inflation. 3+4+5=12


Explain the trade-off between inflation and unemployment with the help of Phillips’ curve. Elaborate how expected inflation causes a shift in the short-run Phillips’ curve.     6+6=12

6. Define open economy. Discuss the impact of foreign trade on national income of an open economy.    4+8=12


Distinguish between fixed and flexible exchange rate systems. Discuss the causes of fluctuations in the exchange rate. 6+6=12

Also Read:

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7. Define private investment and write about different determinants of it. Suggest the measures to stimulate private investment.        6+6=12


Give the definitions of demand for and supply of money. Explain the Keynesian theory of interest with the help of demand for and supply of money.            4+8=12


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