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B.E.C.C – 134
PRINCIPLES
OF MACROECONOMICS II BECC 134 Solved Assignment 2022-23
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Assignment I
Answer the following questions in about 500 words each.
1. (a.)
Explain how IS-LM curves are derived.
(b)
Explain how adjustments take place in IS-LM model to restore equilibrium.
2. (a.)
How is classical range of the LM curve different from Keynesian range? Explain
with the help of a diagram.
(b.)
Explain Unemployment-inflation trade off with the help of diagram.
Assignment - II
Answer the following questions in about 250 words each.
3. What is inflation? Discuss various types of inflation.
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 - III
Answer the following questions in about 100 words each.
6. Differentiate between:
i) Demand pull and cost push inflation
ii) Nominal and real exchange rate
7. Explain absolute and relative purchase power parity.
8. Explain different types of unemployment in the economy.
9. What are adaptive and rational expectations?
10. Explain the factors that will result in the rightward shift
in the Aggregate supply curve with the help of diagram.
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Solved Assignment English Medium 2022-23 The Indira Gandhi National Open
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