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Interpret recessionary and expansionary gaps within the economy. Explain the inter-workings of fiscal policy tools. State how taxation and government spending works. Differentiate between fiscal

Interpret recessionary and expansionary gaps within the economy.
Explain the inter-workings of fiscal policy tools.
State how taxation and government spending works.
Differentiate between fiscal and monetary policy.
Demonstrate the mechanics of discretionary fiscal policy within the Keynesian framework.

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