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Macroeconomics Final Exam Spring 2020

This document contains a final term exam for a Macroeconomics course. The exam contains 4 questions: 1) Why studying macroeconomics is essential for business students and how it can help with business decision making. 2) List and rank the costs of inflation from most to least important. 3) If facing high inflation and unemployment as an economist, what steps would you take to ensure economic stability? 4) Why does some unemployment prevail in developed countries instead of maximizing output, with a brief answer requested. The exam is out of 40 marks and students have 2 hours to complete it from 10:30am to 12:00pm on July 7, 2020.

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Mohsin Hassan
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70 views1 page

Macroeconomics Final Exam Spring 2020

This document contains a final term exam for a Macroeconomics course. The exam contains 4 questions: 1) Why studying macroeconomics is essential for business students and how it can help with business decision making. 2) List and rank the costs of inflation from most to least important. 3) If facing high inflation and unemployment as an economist, what steps would you take to ensure economic stability? 4) Why does some unemployment prevail in developed countries instead of maximizing output, with a brief answer requested. The exam is out of 40 marks and students have 2 hours to complete it from 10:30am to 12:00pm on July 7, 2020.

Uploaded by

Mohsin Hassan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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DEPARTMENT OF BUSINESS ADMINISTRATION

Faris Mahar
FINAL TERM (SPRING-2020) Course Coordinator______________________________________________
Session:_________________________
Macroeconomics
Subject:______________________________________ ECO 408
Course Code :______________________Max. 40
Marks: ______
BBA
Program : _____________________ 07-09-2020
Date: _____________ 10:30 AM
Time Duration: (24-Hrs.) from ___________ 12:00 PM
to ________

Question No. 1. Why studying macroeconomics is essential for business students and how macroeconomics can help
you in decision making for your business? Discuss (15)

Question No. 2. List all the costs of inflation you can think of and rank them according to how important you think
they are. (10)

Question No. 3. Being an economist, you find that the country is facing a high level of inflation along with an
increasing level of unemployment. What steps would you take to ensure the stability in the economic condition of
the country? (10)

Question No. 4. It has been evidenced in all countries that some amount of unemployment prevails in their economy
instead of having increased levels of output. Why the unemployment does prevail in developed countries as well
instead of ensuring every possible measure of economic development? Note: Give a brief answer. (05)

GOOD LUCK!

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