Dibrugarh University B.Com
2nd Sem Question Papers
2 SEM TDC GE (CBCS) GE 202
(BL)
Macro Economics Question
Paper 2021 (Held in January/February, 2022)
Paper: GE-202 (Macroeconomics)
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
Or
(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
Or
(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
Or
(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
Or
(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
Or
(b) Explain the relationship between
inflation and interest rates. Explain briefly the role of labour market in
production system. 4+8=12
Also Read:
MacroEconomics Important Questions with Notes for Upcoming Exams
- Macroeconomics Question Paper 2021
- Macroeconomics Question Paper 2022
MacroEconomics Question Papers
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