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B.A. PROGRAMME

B.A. PROGRAMME

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3. Inflation and Unemployment Concept of inflation; determinants of inflation; relationship between inflation and unemployment: Phillips Curve in short run and long run. 4. Balance of Payments and Exchange Rate Balance of payments: current account and capital account; market for foreign exchange; determination of exchange rate. Readings: 1.

  Balance, Payments, Inflation, Balance of payments

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