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‎FOURTH SEMESTER (CBCSS—UG) DEGREE EXAMINATION
APRIL 2023
Economics

Time:

^ تم ہز ~ ‎Sa‏

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ECO 4B 06—MACRO ECONOMICS-II
(2019 Admission onwards)
Two Hours and a Half Maximum : 80 Marks
Section A (Short Answer Questions)

Maximum marks in this section is 25.
Students can attempt all questions.

Each question carries a maximum of 2 marks.
Define voluntary unemployment.
What is Current Weekly Status unemployment ?
State the relationship between bond price and rate of interest.
State ‘sacrifice ratio’.
What is NAIRU ?
What is meant by monetary transmission mechanism ?
What is meant by crowding out effect ?
State the relevance of recovery phase of trade cycle.
What is core inflation ?
Define Ex-ante saving.
Distinguish between money market and goods market.
State ‘cost push inflation’,
What is meant by great depression ?
Define deflation.

Distinguish between repo and reverse repo rate ?

Turn over

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