Explain how IS and LM curves are derived. What are the implications of IS and LM curves?
What are the factors on which the shape of the IS and LM curves depend?

Rational Expectations

An economy with fixed exchange rate cannot maintain an independent monetary policy. Doyou agree with the above statement? Substantiate your answer with appropriate diagrams.

Search and Matching Model

What is meant by endogenous growth? Explain the main features of endogenous growth

models.

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?

An economy with fixed exchange rate cannot maintain an independent monetary policy. Do
you agree with the above statement? Substantiate your answer with appropriate diagrams.