List of top Macroeconomics Questions asked in GATE XH-C1

Consider a duopoly market where Firm 1 and Firm 2 produce differentiated products such that the demand function of each firm is given by :
q1(p1, p2) = 18 - p1 + p2
q2(p1, p2) = 18 + p1 - p2
Here, q1 and q2 are the outputs produced by Firm 1 and Firm 2, respectively, and p1 and p2 are the corresponding per unit prices.
Cost of production for the ith firm is given by Ci(qi) = 2qi ∀ i = 1,2
The firms compete in prices. The price set by Firm 2 such that the market is in Nash equilibrium will be ________ (in integer).
In the sticky-price model of aggregate supply, if none of the firms in the market have flexible prices, then the short-run aggregate supply curve will be
In a perfectly competitive market, suppose the market demand curve is given by P = 10 + W - Q, where P is the market price, W is the average wealth of the consumers in the market, and Q is the industry output. The total cost function for a representative firm is given by C(q) = q3 - 2q2 + 5q, where q is the output of a firm. If W = 80, then the total number of firms in this industry in the long-run will be ______ (in integer)
Consider the Solow growth model in which output (Y) is determined by the production function Yt = 0.2Kt + 0.8Lt, where K and L denote capital and labour used in the production process, and t depicts time. The depreciation is given by δKt, where δ = 0.2. Saving is given by sYt, where s = 0.5. Assume that the population does not grow with time. The steady state capital per unit of labour is ______ (in integer).
Which of the following factor(s) do NOT affect output and employment in the classical macroeconomic model ?
When transfer of income happens from the "not richer" individual to the "not poorer" individual, then such a transfer is known as
In the context of the Harris-Todaro model of rural-urban migration, which one of the following is TRUE ?
Which one of the following measures in the Keynesian framework is adopted to tame inflation in an economy ?
If the difference between actual GDP and the trend output varies inversely with the difference between actual unemployment rate and the natural rate of unemployment, then such a relationship is called the