Assam University B.Com 2nd Sem Question Papers
Macroeconomics Question Paper 2023
TDC (CBCS) Even Semester Exam., 2023
COMMERCE (2nd Semester)
Course No.: COMGEC-201T (Macroeconomics)
Full Marks: 70
Pass Marks: 28
Time: 3 hours
The figures in the margin indicate full marks for the questions
SECTION – A
Answer any ten questions: 2 x 10 = 20
1. What is macro-economics?
2. Write two importance’s of macro-economics.
3. What is general equilibrium?
4. What is monetary policy?
5. What is aggregate demand?
6. Write two determinants of the slope of IS curve.
7. Define inflation.
8. Write two social costs of inflation.
9. Define wage rigidity.
10. What is open economy?
11. Write two advantages of flexible exchange rate.
12. Write two reasons of interest rate differentiates.
13. What is inventory investment?
14. Mention two reasons for holding inventories.
15. What is interest elasticity of demand for real balances?
SECTION – B
Answer any five questions: 10 x 5 = 50
16. What is circular flow of income? Explain the circular flow of income in a three-sector economy.
17. Write a note on static macro-economic analysis during short period.
18. Define the IS curve. Derive graphically the IS curve.
19. Explain the impact of changes in government expenditure as an instrument of fiscal policy on the economy with the help of IS-LM curve model.
20. Discuss the different causes of demand-pull and cost-push inflation.
21. What is Philips curve? Explain the trade-off between inflation and unemployment with the help of Philips curve.
22. How is the real rate of exchange determined in a small open economy with perfect capital mobility?
23. Discuss the effects of expansionary fiscal policy in Mundell-Fleming model under floating exchange rate in a small open economy.
24. What is business fixed investment? Discuss the determinants of business fixed investment.
25. Explain Tobin’s portfolio theory of demand for real balances.
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