MEC-102 English Medium Solved Assignments 2024-25

Description

MEC-102 English Medium Solved Assignments 2024-25 Available

Section A
Answer the following questions in about 700 words each.
1. Specify the Lucas Supply Function. What are its implications? In what respects is it
different from the classical aggregate supply function?
2. What are the implications of IS and LM curves? What are the factors on which the position
and the slope of IS and LM curves depend?
Section B
Answer the following questions in about 400 words each.
3. Explain the mechanism through which internal and external balance takes place under
flexible exchange rate.
4. What does the Phillips curve signify? How do you reconcile the difference in the shape of
the curve in the short run and the long run?
5. Bring out the salient features of real business cycle models. What are its implications?
6. Classify various theories of unemployment based on the possible responses of the firm.
7. Write short notes on the following:
a) Capital asset pricing model
b) Permanent income hypothesis