Guys just take few minutes out and send them the correct answers along with two citations. I have already sent them for two of their wrong answers. i guess they would take necessary action only when they receive a few Grievance Redressal forms.
but before that my friends, lets pour over the other questions and see if there are any more problems in the paper. Given that this question was wrong, it would be prudent to assume that there may be more errors.
I have some doubts over the change in AS curve question. It says price of oil fell due to political reasons so shouldn't there be a downward movement along the AS curve? Why would it shift?
There are still a couple of discrepancies I believe for ex the question of increase in price with increase in money demand ...the ans given is both nominal and real interest rate will fall