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IGNOU MACROECONOMIC ANALYSIS: MEC-002 December: 2017 Solved Question Paper
Note: Answer questions from each section as directed. SECTION-I Answer any two questions from this section in about 500 words each. Q1. Consider the decentralised household problem in the Ramsey model. Derive the conditions for modified golden rule. Interpret the equation with the help of phase diagram. Ans. There are two competitive factor markets…
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