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Introductory Macroeconomics – Old Question Paper 2006 | Semester: Fall

questionIntroductory Macroeconomics
Old Question Paper
Year: 2006 | Semester: Fall
Pokhara University

Exam 2006 Fall

1. What is macroeconomics? Discuss its limitations. [15]

2. a. What is national income? Does disposable income also represent nation’s output? Explain. [8]
b. What are the practical difficulties of computing National Income? Give reasons. [7]

3. What are the features of the classical theories of employment? How Keynes has criticized them? [15]

4. a. How does the multiplier principle explain the effects of change in aggregate expenditure on aggregate output? [8]
b. Define investment. Explain the determinants of investment. [7]

5. a. Define inflation. What are the major reasons of inflation? [8]
b. Explain the phases of a typical business cycle. [7]

6. Write short notes on: [3×5=15]
a. Liquidity preference theory of interest
b. General equilibrium
c. Investment multiplier

7. Write short notes on (Any Two): [2×5=10]
a. Monetary Policy
b. Fiscal Policy
c. Marginal Efficiency of investment


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