BECC-134 PRINCIPLES OF MACROECONOMICS – II in English Solved Assignment 2024-2025

BECC-134 PRINCIPLES OF MACROECONOMICS – II Solved Assignment 2024-2025

Tutor Marked Assignments
Course Code: BECC-134
Assignment Code: Asst /TMA /2024-25
Total Marks: 100

ASSIGNMENT ONE
Answer the following Descriptive Category questions in about 500 words each. Each
question carries 20 marks. Word limit does not apply in case of numerical questions.
2 × 20 = 40
1. Describe the Phillips curve. Reconcile between the shape of the Phillips curve in the short
run and long run.
2. (a) Explain how LM curve is derived. Explain the factors that determine the slope and
position of the LM curve.
(b) How is classical range of the LM curve different from Keynesian range? Explain with
the help of a diagram.
ASSIGNMENT TWO
Answer the following Middle Category questions in about 250 words each. Each question
carries 10 marks. Word limit does not apply in case of numerical questions.
3 X 10=30
3. What is inflation? Discuss various types of inflation and their impact on different sections
of the society.
4. Explain short run and long run equilibrium of an economy with the help of diagram.
5. Explain the impact of the expansionary fiscal and monetary policy on equilibrium prices
and output.
ASSIGNMENT THREE
Answer the following Short Category questions in about 100 words each. Each question
carries 6 marks.
5X 6=30
6. Differentiate between:
i) Output gap and sacrifice ratio
ii) Capital account and Revenue account
7. Discuss the factors that influence the AD curve.
8. Explain different types of unemployment in the economy.
9. What are adaptive and rational expectations?
10. Explain the asset market approach to exchange rate determination.

BECC-134, BECC 134, BECC134