BECC-134 · December 2024 · English
IGNOU BECC-134 December 2024 Previous Year Question Paper
PRINCIPLES OF MACRO ECONOMICS—II
Structured previous year question paper for BECC-134, December 2024 session.
Max marks: 100 · Questions: 12 · Sections: 3
Verified: 5 Aug 2026
B. A. (GENERAL) (ECONOMICS)
(BAG)
Term-End Examination
December, 2024
BECC-134 : PRINCIPLES OF MACRO
ECONOMICS-II
Time : 3 Hours Maximum Marks : 100
Note : Answer questions from all the Sections as per
instructions.
Section—A
Note : Answer any two questions from this Section
in about 500 words each. 2x 20=40
Q1.What is meant by inflation ? Discuss the major causes of inflation with the help of diagrams.
Q2.Derive LM curve. Explain how the position of LM curve is determined.
Q3.Explain the asset market approach to exchange rate determination.
Q4.What is the impact of expansionary fiscal policy and monetary policy on the equilibrium price and output level ? Explain with the help of diagrams.
Section—B
Note : Answer any four questions from this Section
in about 250 words each. 4x 12=48
Q5.Explain the impact of leftward shift in the IS curve with the help of a diagram.
Q6.How is the classical range of the LM curve different from Keynesian range ? Explain with the help of a diagram.
Q7.With the help of diagrams, explain the factors that result in shifts in Medium-run Aggregate Supply curve.
Q8.What is meant by unemployment ? Explain various types of unemployment.
Q9.Differentiate between different kinds of exchange rate regimes.
Q10.What is meant by Balance of Payments ? What are its components ?
Q11.What are the implications of the quantity theory of money ?
Section—C
Q12.Write short notes on any two of the following : 2x6=12
(a) Sacrifice ratio
(b) Adaptive expectations
(c) Core inflation
(d) Output gap