Programme Code : MEC
Course Code : MEC-002
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Year : 2013 Views: 1241 Submitted By : Aashima On 27th February, 2013

Do you have solution for this Question. If yes    I aslo want solution.

Q.




1) Policy rules are better than discretionary policies. Justify the above statement in light of new classical macroeconomics.

2) Explain in brief the salient features of political business cycle theory.

3) Bring out the factors that lead to rigidity in wages and prices.

4) Explain with appropriate diagrams why an economy with fixed exchange rate cannot pursue an independent monetary policy.


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