BECC-134 English Medium Solved Assignments 2024-25

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BECC-134 English Medium Solved Assignments 2024-25 Available

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.
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.