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1. Define and explain each concept and give specific examples: a.Velocity of Money and Hyperinflation ( _/ 4) b.Deficit Spending and National Debt ( _/

1. Define and explain each concept and give specific examples:

a.Velocity of Money and Hyperinflation (_/4)

b.Deficit Spending and National Debt (_/4)

c.Crowding Out and Private Investment (_/4)

d.Fiscal Policy and Supply-side Fiscal Policy (_/4)

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