Macro Economics
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International Education College BBA SECOND YEAR (3RD SEMESTER, 1ST MID TERM) EXAMINATION, 2009
2104: Macro Economics Time: 90 minutes Full Marks: 20 [N.B. - The figures in the right margin indicates full marks. Answer any two questions from section A and two questions from section B.] Section A Marks 1. a) Explain how GDP, inflation and Unemployment are related. 2 b) What is Walras’ law? What is its significance in macroeconomic analysis? 3 2. a) Why does government budget deficit cause concerns? 3 b) Write short notes on: 2 i) Monetary policy ii) Foreign debt 3
a) What are the difference between micro economics & macro economics? b) What are the difference between stock & flow?
3 2
Section B 4. Why is an economy not in equilibrium when aggregate demand is not equal to aggregate supply? 5 5. What would happen to the multiplier if investment were to be positively related to income? 5 6. Explain how macroeconomists aggregate economic agents and transactions. Who are macro economic agents and what roles do they play in different markets?
5
2104: Macro Economics Time: 90 minutes Full Marks: 20 [N.B. - The figures in the right margin indicates full marks. Answer any two questions from section A and two questions from section B.] Section A Marks 1. a) Explain how GDP, inflation and Unemployment are related. 2 b) What is Walras’ law? What is its significance in macroeconomic analysis? 3 2. a) Why does government budget deficit cause concerns? 3 b) Write short notes on: 2 i) Monetary policy ii) Foreign debt 3
a) What are the difference between micro economics & macro economics? b) What are the difference between stock & flow?
3 2
Section B 4. Why is an economy not in equilibrium when aggregate demand is not equal to aggregate supply? 5 5. What would happen to the multiplier if investment were to be positively related to income? 5 6. Explain how macroeconomists aggregate economic agents and transactions. Who are macro economic agents and what roles do they play in different markets?
5
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