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DEPARTMENT OF ECONOMICS UNIVERSITY OF KARACHI MACRO ECONOMICS (522) MAJOR BS 3rd YEAR GENERAL SUPPLY

Time: 2hours Max Marks: 100

Attempt any four Questions:


Q1.Why is unemployment an Economic problem? Q2. Explain the Major causes of Inflation also discuss the measures for overcoming inflation in underdeveloped countries? Q3. Define Fiscal Policy and also explain the types of Fiscal policy with the help of diagram? Q4. What are the Four Phases of Business Cycle? Q5. Difference between Direct and Indirect Tax also explain the merits and demerits of direct taxes? Q6.What will be the impact of increase or decrease in interest rate on economic growth?

GOOD LUCK

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