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    Macroeconomics GE Delhi University

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    Macroeconomics GE Delhi University

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    Macroeconomics GE Delhi University

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    charu

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    of 4
    This question paper contains 4 printed pages. Your Roll No. Sl. No. of Ques. Paper; 546 G Unique Paper Code + 241303 Name of Paper : Macro-Economics [CH 3.3] Name of Course : B.Com. (Hons.) Semester 2 Duration :3 hours Maximum Marks : 75 (hie your Roll No. on he 1p immediately on recip of tis quesion pope) er & Med Ue PA Pear esr BO fe 1) Note:— Answers may be written either in English or in Hindi; but the same medium should be used throughout the paper. femmvit:— se ETT aT Tae SAGE aT fect Frat woe ara H cifere eft BHT TRY ar TET we &f ar afets The paper is divided into three Sections A, B and C. All questions from each Section should be attempted together. All questions are compulsory. ut reat % see aha) ete wer sie BOTT sift e1 Secrion A (801%) 1. (a) Briefly discuss the distribution of the National Income to the factors of production. ueia ara ar senes & @rat F fea at day ¥ fader atfae 5 (>) Explain the Baumol Tobin cash management approach to demand for money. gt at ain & atte afer dag yee sory a caren aifaTs 10 Or (3teren) (a) What would happen in the economy at full employment if the level of investment were to increase? ypt damn at feafa A aeforren 1 Far He WT ale Fa a RR ag fee wTT?s (b) What are the different types of investment? Explain them. fade at fats fered war 7? Tra ATEN sf | 10 2. (a) Explain the derivation of the IS curve. What factors determine the slope of the IS curve? 1S aa & Sera St caren ata) a a are Is am at ae a fruffea ara 778 (b) What is the impact of an increase in autonomous spending on the equilibrium level of income and the rate of interest? P.T.O. 2 ana aga eR ait sa wT eas oe A af aT ae Te ae #7 7 Or (3127) (a) In the context of the IS curve examine the effectiveness of fiscal policy in the following: (i) Keynesian range (ii) Classical case. IS am % wed @ frefetan a csetta aifa at waraetern at ata atten q@) Safire wre Gi) waferat a1 8 (b) What is Crowding Out? How can it be accommodated with a monetary expansion? warafe7 arse aan dat? wifes fre & are gear wine 4a feet oT aaa a? 7 Secrion B (SFT@) Given that: fem war @ far: C=200+0-8Y4 Ya=Y-Y 1=0-25 1=700-50i G=800 L=0-25Y-62-5i Mip=S00 Find : (a) The equation of the IS curve (b) The equation of the LM curve « (©) The equilibrium of the economy (4) The effect of a change in t from 0-25 to 0-375 on the equilibrium (c wa sifare, (a) 1S am at Bitar (b) LM am at ater (:) aderren a ager (d) 690-25 @ 0-375 wa Sita ar age — wT The effect of a change in G from 800 to 1100 on the IS curve. 3 546 (©) G # 800 & 100 aH & vada ar Is aH HK HHA 15 Or (ateren) Given that: fem ar @ fa C=100+0-75Y4 |=200-8i L=0-4Y-2 M=800 P=2 Find: (a) The equation of the IS curve (b) The equation of the LM curve (©) The equilibrium of the economy (d) The effect of a change in money supply from 800 to 1200 on the LM curve (©) The effect of a change in G from 150 to 200 on the IS curve. we sifae, (a) IS am at aHtaTT (b) LM am at weiter (c) seforren a aT (4) aT ff F 800 & 1200 we oats aT LM am oR THT (e) G¥ 150 & 200 we % oftada aT Is am TH TATA! 15 Secrion C (&T 7) (a) Derive the dynamic aggregate demand curve. aifass wae APT ass a ayer ate 8 (b) Explain ‘Gradualism’ and ‘Cold Turkey’ strategies to control inflation. ‘tqefes’ ah ‘ates zal’ oriifeal & waif freamr w weTe a aTM wife 7 Or (a1eraT) (a) Examine the effects of monetary expansion on the equilibrium output and the price level in the short run, medium term and the long run. Comment on the neutrality of money. a Turn over 546 5. Note: Kindly note that no diagrams are required for visually impaired and hearing impaired and in lieu of Question No. 3, attempt the following question: gran ears & fe ara gfe a gaat aie ar 7 WF are aD ante er 84 8 ile wer Fem 3 a vag 4 frafatad we a acm é: We 6. 4 igen Prin a aifce farm ar ait aerate Hae safe sik delat ¥ ata BRR Wal at aren sifare 8 (>) What is wait unemployment? What are its causes? 7 stare Sts sare? FAH se STE? (a) Discuss short run equilibrium level of nominal exchange rate and income level in the Mundell-Fleming model in a small open economy. What are the underlying assumptions? a Yet sebasen 7 arm fafa qe % aenala Wars EK at sik Ba FaiT wee 8 ora en at facta aifaes gah HS afirre sar 2? 10 (b) Explain the concept of net capital outflow in a large open economy. at gel adoraen 8 faa fst ware at deer at aren afar! 5 Or (x1er=T) (a) Discuss the short run IS-LM model of a large open economy. What are the effects of expansionary fiscal policy on exchange rate and net exports in a large open economy? agi get aderen & sremafe IsLM aise at fader aif at aot adorren % faracete waanita atte & fates aw sik free frafa oe aa Te Bde? 55 (b) Distinguish between nominal exchange rate and real exchange rate. area fafa

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