1. Give critical assesment of any theory of inflation and give reason for selecting this theory.
2. "The distinction between cost-push and deman-pull inflation is unworkable, irrelevant, and meaningless." Do you agree with this view. give reason to your answer
3. Explain the Phenomenon of stagflation. Suggest measure to control it.
4. Is inflation a purely monetary or purely non-monetary or an institutional phenomenon? write in context of developing countriy. discuss the theory of Phillips Curve and bring out it apparent policy implication.