BECC-134 · June 2023 · English
IGNOU BECC-134 June 2023 Previous Year Question Paper
PRINCIPLES OF MACRO ECONOMICS—II
Structured previous year question paper for BECC-134, June 2023 session.
Max marks: 100 · Questions: 12
Verified: 5 Aug 2026
B. A. (ECONOMICS) (BAG)
Term-End Examination
June, 2023
BECC-134 : PRINCIPLES OF MACRO-
ECONOMICS—II
Time : 3 Hours Maximum Marks : 100
Note : Answer questions from all the Sections as per
instruction.
Section&A
Note : Answer any two questions from this
Section in about 500 words each. 2×20=40
Q1.Describe when simultaneous equilibrium results both in the real sector and the monetary sector o f an economy. Explain how such equilibrium is stable. [ 2 ]
Q2.Explain how the AD curve is derived from the IS-LM model.
Q3.What is meant by Inflation ? What are the major causes of inflation in an economy ?
Q4.(a) What are the various types of exchange rate regimes ?
(b) Distinguish between nominal and real exchange rates. Section&B Note : Answer an y four questions from this Section in about 250 words each. 4×12=48
Q5.Discuss the impact of inflation on various sections of society.
Q6.Explain the shape of the Phi llip’s curve under rational expectations.
Q7.What is meant by Balance of Payments ? What are its components ?
Q8.Describe the factors that influence the AS curve in the medium run. [ 3 ]
Q9.Discuss the factors that affect the slope of the LM curve. Inter pret the LM curve when it is horizontal in shape.
Q10.Explain the concept of natural rate of unemployment.
Q11.Why does the aggregate demand curve slope downward ? Explain. Section&C
Q12.Write short notes on any two of the following : 2×6=12
(a) Stagflation
(b) Impact of supply shock on the economy
(c) Output Gap
(d) Sacrifice Ratio 2023 -134 &II 2×20=40 IS-LM 4×12=48 2×6=12