BECC-134 · June 2025 · English
IGNOU BECC-134 June 2025 Previous Year Question Paper
PRINCIPLES OF MACRO ECONOMICS—II
Structured previous year question paper for BECC-134, June 2025 session.
Max marks: 100 · Questions: 13 · Sections: 3
Verified: 5 Aug 2026
BACHELOR OF ARTS (GENERAL)
(BAG)
Term-End Examination
June, 2025
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. 2x20=40
Q1.Derive the IS curve with the help of Keynesian cross. Explain the factors that determine the slope of IS curve.
Q2.What does the Phillips curve signify ? Why is it downward sloping in the short-run but vertical in long-run ?
Q3.Explain the monetary approach to exchange rate determination.
Q4.Derive the Aggregate Demand curve with the help of IS-LM analysis. Why does AD curve slope downwards ?
Section—B
Note: Answer any four questions from this
Section in about 250 words each. 4x12=48
Q5.Discuss the impact of inflation on various sections of society.
Q6.What is the impact of a change in the interest rate on the AD curve and the resulting equilibrium ? Explain with the help of a diagram.
Q7.Describe the impact of a leftward shift in the LM curve with the help of a diagram.
Q8.Explain the impact of expansionary fiscal policy on equilibrium price and output level.
Q9.Distinguish between Nominal and Real exchange rates.
Q10.With the help of a diagram, explain the factors that lead to rightward shift in the Aggregate Supply curve.
Q11.Differentiate between wholesale price index and consumer price index.
Section—C
Q12.Write short notes on any two of the following : 2x6=12
(a) Cold Turkey or Gradualism
(b) Stagflation
(c) Non-accelerating Inflation Rate of Unemployment (NAIRU)
(d) Purchasing power parity
Q13.IS-LM fagcon at aera & aac Fin (AD) aH 2x6=12 (NAIRU)