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11. The answer of the following questions. (5 marks each) a. What are the basic differences between neoclassical growth theory and New growth theory? b.

11. The answer of the following questions. (5 marks each)

a. What are the basic differences between neoclassical growth theory and New growth theory?

b. How does Property right structure promote Economic growth?

c. Explain the following two cases of the self-regulating economy: Inflationary gap and recessionary gap. Discuss the Govt policy implication for each case.

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