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1. Distinguish between savings and investment. 2. What are two things that are true when an economy is in equilibrium? 3. Explain the difference between

1. Distinguish between savings and investment. 2. What are two things that are true when an economy is in equilibrium? 3. Explain the difference between the stock of money and the flow of income. 4. Define opportunity cost using your own examples. 5. Distinguish between productive efficiency and allocative efficiency

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