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1. What are the two kinds of macro Shocks in the economy? Explain one and its significance. 2. What are Transfers? Give a couple of

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1. What are the two kinds of macro "Shocks" in the economy? Explain one and its significance. 2. What are "Transfers"? Give a couple of specific examples. How are they accounted for regarding income in the National Income Accounts? 3. Which of the two main types of Inflation is "self-limiting" and why? 4. What are 3 major points of the "Antigrowth View"? Explain one. 5. What is the Multiplier and how is it used? Give an example

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