MCom MCom Banking & Finance SEM II MACRO ECONOMICS CONCEPTS & APPLICATION Question Paper - Mumbai University | munotes

Questions asked in this paper

• 2. Figures to the right indicate full marks

1. Q1 A. Explain the determination of real income with the help of Keynesian concepts of Aggregate Demand Function and Azeregate Supply Function 8 marks
   • B. Write a note on inflationary gap. 07
   • C. Explain the trade-off between inflation and unemployment short run. 08
   • D. Explain meaning of non-accelerating inflation rate of unemployment {NAIRU). 07
2. Q2 A. Derive IS curve and bring out the factors that determine the IS curve. 8 marks
   • B. Explain the factors that determine the shift in the LM-curve. 07
   • C. Bring out the effect of monetary influences on income and interest the model. 08
   • D. Explain the transmission mechanism and the crowding out effect of fiscal policy in the IS-LM model. 07
3. Q3 A. Discuss the expenditure switching policy disequilibrium in the balance of payments. 8 marks
   • B. Explain the role of fiscal policy in correcting disequilibrium in of payments. 07
   • C. Explain the use of monetary and fiscal policies to achieve internal and external balance with the help of 08
   • D. the effectiveness of devaluation in terms of elasticity and absorption approach. 07 Qa A. Select the correct answer and rewrite the following statements: 07 “Inthe expenditure method, national income is the sum of total expenditure incurred on Domestic Product in economy consists of is worked out on the None of the above
   • Q.P. Code :09717
   • iv. Income earned by self-employed people
   • a. Mixed income
   • b. Wages
   • d. None of the above Development takes into account
   • b. Life expectancy
   • c. Level of literacy All of the above
   • vi. As per human Development Report 2015, HDI
   • B. Validate the following statements: 08 ili. Purchasing Power Parity is bas sed price
   • iv. India ranks among human group of countries Write short notes on any 15 i, Product method of measurement National income
   • ii. Real and ncome concepts
   • iii. Determinants of Aggregate Demand WES Simultaneous librium pods and money markets in the IS-LM model

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