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1. Using appropriate diagrams, discuss the difference between 'recessionary' and 'inflationary' gaps. (8 marks) Using appropriate diagrams, discuss the difference between 'recessionary' and 'inflationary' gaps.

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1. Using appropriate diagrams, discuss the difference between 'recessionary' and 'inflationary' gaps. (8 marks)

Using appropriate diagrams, discuss the difference between 'recessionary' and 'inflationary' gaps. (8 marks)

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