Master of Commerce (M.Com.) Part I SEM II 2022 2023 Jun 2023 MACRO ECONOMICS CONCEPTS & APPLICATIONS Question Paper - Mumbai University | munotes

Questions asked in this paper

• (2) Figures to the right indicate full marks

1. Q1 (a) Define Aggregate Demand Function and explain the determinants of Aggregate
   • (b) Explain the concept of inflationary gap. 07
   • (c) Discuss how intersection between ADF and ASF determines the effective demand with suitable diagram. 08
   • (d) Discuss the trade-off between inflation and unemployment in the short run. 07
2. Q2 (a) Explain how the IS curve is derived. 8 marks
   • (b) Explain the transmission mechanism and crowding out effect. 07
   • (c) Explain the derivation of LM curve with suitable diagram. 08
   • (d) Bring out the effects of monetary policy on income and interest rate in IS-LM
3. Q3 Explain the concept of disequilibrium in balance of payments. 8 marks
   • (b) Discuss expenditure switching policies to reduce deficit in the balance of
   • (c) Discuss Mundell - Fleming model. 08
   • (d) Write a note on J- curve effect. 07
4. Q4 A) Choose the right option from the following. 7 marks
5. Q1 methods are used for measuring national income
   • a) Two b) Three
   • c) Four d) Five
6. Q2 Under method of measuring national income, consumption is taken into
   • a) Income b) Dividend
   • c) Expenditure d) Interest
7. Q3 18 the total value of the goods and services produced by the nationals during
8. Q4 GDP in open economy consists
9. Q5 GDP deflator tells us the
   • c) Rate of deflation in developed country d) Rate of deflation in developing
10. Q6 Human Development takes into
    • c) Level of literacy d) All of the above
11. Q7 Purchasing Power Parity theory is related
12. Q4 B) Give the precise meaning of the following. 8 marks
    • a) National income
13. Q4 Write short note on any three of the following 15 marks
    • a) GDP deflator
    • b) Causes of disequilibrium in balance of payments
    • d) BOP adjustment and fiscal policy
    • e) Internal and external balance
14. Q8 Ta
15. Q2 IS Ga
    • S. IS-LM 9
16. Q3 HUT. é
    • S. ax 9 a, macht at at

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