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Q.1. Explain the principal Society faces a short-run tradeoff between inflation and unemployment Q.2. Why we study economics? Q.3. List and discuss the three central

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Q.1. Explain the principal Society faces a short-run tradeoff between inflation and unemployment" Q.2. Why we study economics? Q.3. List and discuss the three central problems of an economy. Q.4. Define Law of Demand and list the factors that affect demand

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