Download PTU B.Sc (BBE) 2020 March 4th Sem 74371 Macroeconomics Ii Question Paper

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Roll No. [T T T] [ | Total No. of Pages : 02

Total No. of Questions : 09

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B.Sc. Business Economics (BBE) (2015 to 2017) (Sem.-4)

MACROECONOMICS-II

Subject Code : BBE-403

M.Code : 74371

Time : 3 Hrs. Max. Marks : 60

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INSTRUCTIONS TO CANDIDATES :

1. SECTION-A is COMPULSORY consisting of TEN questions carrying TWO marks each.
2. SECTION-B consists of FOUR Sub-sections : Units-I, II, III & IV.
3. Each Sub-section contains TWO questions each, carrying TEN marks each.
4. Student has to attempt any ONE question from each Sub-section.

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SECTION-A

1. Answer briefly :
   1. Define aggregate demand.
   2. Differentiate between money wage and real wage.
   3. What is proportional tax system?
   4. What are the main sources of public revenue?

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   5. Differentiate between capital market and money market.
   6. Define open economy.
   7. What are rational expectations?
   8. What is subsidy?
   9. What is nominal wage rigidity?

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   10. What are the causes of increasing public expenditure?

SECTION-B

UNIT-I

2. Explain the instruments of monetary policy used by the central bank.

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3. Discuss the effect of shift in IS and LM curves on equilibrium GDP and rate of interest.

UNIT-II

4. Describe the rational expectations hypothesis. What are its implications?
5. Discuss the policy ineffectiveness proposition based on theory of rational expectations.

UNIT-III

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6. What is financial market? Discuss the importance of financial markets.
7. Discuss the dynamic investment theory.

UNIT-1V

8. Explain Solow Swan Model of economic growth.
9. Discuss the properties of Ramsey Model.

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NOTE : Disclosure of Identity by writing Mobile No. or Making of passing request on any page of Answer Sheet will lead to UMC against the Student.