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Explain the difference between monetary and fiscal policy? What are the main tools of each? What is operating leverage? What is financial leverage? What is

Explain the difference between monetary and fiscal policy? What are the main tools of each? What is operating leverage? What is financial leverage? What is the industry life cycle, linking how it may relate to valuation discussions? What is sector rotation, linking it to where you would want to position yourself in todays marketplace? Why?

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