In 1958, Williams Philips pioneered a concept in his paper "The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861-1957".Broadly discussthe Philips curve and the effect on economic growth.(25)

QUESTION 2[25 Marks]

a)Broadly discuss the Sustainable Development Goals as a global movement of United Nations Development Program (UNDP)(10)

b)Given the following information, construct the IS and LM functions and calculate the equilibrium interest rate and equilibrium output.(15)

GoodsMarket

C= 12 + 0.3Yd

I = 7-5r

G = 30

T = 50

Money Market

M = 20

P = 5

L(Y,r) = Y-r