Question one (33 marks) In ordinary language, clearly distinguish between the pairs of concepts: a) Economic growth and Economic development (3 marks) b) Fiscal policy and monetary policy (3 marks) c) Money supply multiplier and autonomous expenditure multiplier. (3 marks) d) Nominal exchange rate and real exchange rate (3 marks) e) Expansionary monetary policy and Contractionary monetary policy (3 marks) Primary budget deficit and overall budget deficit (3 marks) g Cyclical unemployment and frictional unemployment (3 marks) Labour force and unemployment rate (3 marks) Balance of trade and current account balance (3 marks) Financial markets and financial intermediaries (3 marks) k) Anticipated inflation and unanticipated inflation