BECC-134 · June 2022 · English
IGNOU BECC-134 June 2022 Previous Year Question Paper
PRINCIPLES OF MACRO ECONOMICS—II
Structured previous year question paper for BECC-134, June 2022 session.
Max marks: 100 · Questions: 11 · Sections: 3
Verified: 5 Aug 2026
B.A. (ECONOMICS)
(BAG)
Term-End Examination
June, 2022
BECC-134 : PRINCIPLES OF MACROECONOMICS - Il
Time : 3 hours Maximum Marks : 100
Note: Attempt questions from each section as per
instructions given in each section.
SECTION A
Answer any two questions in about 500 words
each, 2x20=40
Q1.Explain how the LM curve is derived. What does a point outside the LM curve mean ? What are the factors that determine the slope and position of the LM curve ?
Q2.Explain how the Aggregate Demand (AD) curve is derived from the IS-LM model.
Q3.What is meant by inflation ? Describe the impact of inflation on various sections of society.
Q4.Describe the Phillips curve. Reconcile between the shape of the Phillips curve in the short-run and the long-run.
SECTION B
Answer any three questions in about 250 words each.
3x10=30
Q5.Explain how goods market equilibrium takes place in an open economy.
Q6.Describe the shape of the Aggregate Supply (AS) curve in the medium-run. What are the factors that influence the shape of the AS curve ?
Q7.Distinguish between various exchange rate regimes.
Q8.Explain the impact of interest rate on exchange rate.
Q9.Explain how the economy moves towards equilibrium in the IS-LM model.
SECTION C
Attempt all the questions in this section.
Q10.Distinguish between any three of the following : 3x5=15
(a) | Consumer Price Index and Wholesale Price Index
(b) Investment multiplier and Autonomous investment
(c) Output gap and Sacrifice ratio
(d) Aggregate Supply (AS) curve in the short-run and long-run
(e) Capital account and Revenue account
Q11.Write short notes on any three of the following : 3x5=15
(a) Net exports
(b) Speculative demand for money
(c) Devaluation of currency
(d) Cost-push inflation
(e) Foreign exchange reserve BECC-134 4 fast (Autonomous investment)
(ग) seret Set (Output gap) TI IM sa (Sacrifice ratio) (S) Uh arm (Capital account) Ue WEI Gat (Revenue account) money)
(71) Ygl &I AdAAe4 (Devaluation of currency)
(घ) amrmast agrehift (Cost-push inflation) reserve)