Sargodha University MA Economics Paper-II Macro Economics Theory Past Papers 2016
Here you can download Past Papers of Paper-II Macro Economics Theory, MA Economics Part One, 1st & 2nd Annual Examination, 2016 University of Sargodha.
Macro Economics Theory UOS Past Papers 2016
M.A. Economics Part – I
Paper-II(Macro Economics) 1st Annual Exam.2016
Time: 3 Hours Marks:100
Note: Objective part is compulsory. Attempt any four questions from subjective Part.
Q.1: Write short answers of the following in two lines on your answer book.
- Differentiate between actual and potential output.
- Define inflation targeting.
- What is Okum’s Law?
- Explain the concept of the high powered money.
- Differentiate between adaptive & rational expectations.
- Explain Govt. purchases multiplier.
- Define Arbitrage.
- What is classical dichotomy?
- Explain credit crunch.
- What is the golden rule of consumption per worker as discussed by Solow?
Q.2: How GDP can be measured? Is it a better apparatus to assess economic welfare?
Q.3: Explain that how in the presence of demand and supply forces the economy experiences the full employment in classical model.
Q.4: (a) How rate of interest is determined according to Keynes?
(b) Discuss the effects of changing supply of money and demand for money on rate of interest.
Q.5: Discuss the effectiveness of monetary policy when IS has different slopes.
Q.6: (a) Derive short-run Phillips curve. Why does it slope downward?
b) What is similarity between SRPC & Keynesian AS curve?
Q.7: Write note on the following:
a. Sticky wage model (b) Model of debt crises
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