Partial preview of the text
Download Intermediate Macroeconomic I: Foundations of Aggregate Income Determination and more Exams Macroeconomics in PDF only on Docsity!
[This question paper contains 8 p Sr. Unique Paper Code Name of the Paper Name of the Course No. of Question Paper : 7311 Founda Income | Semester > LAR Duration : 3 Hours D Instructions for Candidates l. rinted pages. | 2272202401 Intermediate Macroeconomic [: ‘ions of Aggregate Determination B.A. (Prog.) Major Maximum Marks : 90 Write your Roll No. on the top immediately on receipt of this question paper. All questions are divided into two sections, A and B. | a Attempt any five questions out of seven questions from each of the sections. Section A has short answer questions and each carries 5 marks whereas Section B contains long ‘answer questions and each carries 12 marks. PLT.O. 7311 - ERY 5. Clearly indicate the section when answering any question. ither in English or Hindi; 6. Answers may be written ¢ used throughout the but the same medium should be el 1.° Derive schedu oral w& fae frees . wSeva -1 EL sa WH-wa S faa A HR fee ay Preflla UT KHIM aaa fetkay | 2.° How d 2 asf yt Gal, U att Ht A frais FI aggrega a diagr: 3. gala GE a AS WH AS HE War WHT Ea AL | 4. wis UH ay Sate We OA eH WET 5 HTT aa 2? sath wae at A Ai Tata wet S SI WH WHI 12 As « zl lad ’ Using t 5. fart 9 WET GI eR BA GA as Hl eA wT a efits TH between 6 FAW Ta aT SEK at oT RA a ea TA Afae, af | MH a anc sett ar are a BY BAT TARE | 3 aay ' ‘ ‘ t i nn. at 2 ee == rer a i ay"s 4 4 ce c eC = ¢ tio 3; are the mos (ple i wh rational expecta ns al Cc t 7 EX] Jain Vi afi e expectations. (Attempt an AF accurat qraea fe aaa res aaa AIH qian Fat I 1. > The real trade-of and myopia influence 5.: How do liquidity constraints unemployment but : Trees consumption behaviour: unemployment in t een a ate AA er SATE SY SA HTT HS arefaes =arae agar 27 afer art at Atom aren afar ated to residential 6. » How is the monetary policy rel 2.» Explain how an ir investment? rising government s Ar Se ve hed the price level is f] fia af sata Fest a sa dala 2? we Wiaed fe we a atively low levels of investment gfe ak Tea GH z y) 7. . What happens when rel es! persist for many years in an economy like India? 3 o> ae What ; hat are the genera aa aat 2 Wa MA BT era A ag aot aH Treg the theory of rati ‘ on ey an fast HR FAT Tal 2? : Wea wensit S er Fe? . t — . ty tate t+ > 7) oe ele eo _ it- ja 7311 5 2 the most SECTION B (zag a) (Attempt any 5 questions out of 7) ’ aati 21 (74% ah 5 wea ao aire) M y % 1. * The real trade-off was not between inflation and *% j nce 2 a influe unemployment but between unemployment today and ‘ unemployment in the future. Explain. t Sy watad aed Wests AIK- Ager Fea sk Ahornd F sa at ar, : wee St at Rod sie veer at Ftoend F St aT aren afyre tt to residential % 2.» Explain how an increase in the money supply and ‘ rising government spending affects the economy when < the price level is flexible. 9 5 We amare fer oe yea ee aniten gat 2 a aa ana a 3 Is of investmen ae men Se SAU a F y like India? es ALL 7 ges and level of (a) Answer the following : ynomy? | (1) If you have earned $15000 per year for [at ch Sat HT aa the past 10 years what is your permanent income? Suppose that next year (period t+ 1) you earn $20000. What is your Pome: lite cyels permanent income? hypothesis? How (i) What is your consumption this year and long run marginal next year? ter than the short- (iii) What are your short-run MPC and long- run MPC? aot hm ata aT | F f& State Sar (b) What are the two main theoretical objections to the Barro-Ricardo view? | wit aut 2? calculated as the wet city fe ert wa at wet fied 5 at a aS years that is: Had SB eA A wat 2, w?2: l a YP = AAO EN Rg Coe) -4 Co 0-9.YER w3511 (@) frafikad at sae Afi - (i) af stay fisa 10 set a wR at 5 15000 FAY , Wt sat emt wa aor 2? at citfere fe sare at (safer c'+1) sma $ 20000 Fale 21 ATH Ca Ha FAT F? *, (i) ga at ak ama af aver sat eT 2? (iii) TTA Hema Sara sat wef (MPC) Hk Satay Gaia sata waft (MPC) ea e? (a) at-Rart shea & vfs at yer Marlen srafear gar | e? + 7. Explain the modern approach to consumption under uncertainty. Heat Ted ST A ayer steatt sy cen Cail 3 
