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1. Define and explain each concept and give specific examples: /15) a. Velocity of Money and Hyperinflation (_ /5) b. Deficit Spending and National Debt

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1. Define and explain each concept and give specific examples: /15) a. Velocity of Money and Hyperinflation (_ /5) b. Deficit Spending and National Debt (_ (5) c. Crowding Out and Private Investment- Include a Loanable Funds graph to illustrate crowding out ( /5)

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