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1.Explain Monetary and Fiscal Policies. a)How does contractionary monetary policy works? Explain by graphs(Interest rate, exchange rate, consumption, import, export) b)How does expansionary fiscal policy

1.Explain Monetary and Fiscal Policies.

a)How does contractionary monetary policy works? Explain by graphs(Interest rate, exchange rate, consumption, import, export)

b)How does expansionary fiscal policy works? Explain by graphs. (Interest rate, exchange rate, consumption, import, export)

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