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Topic: International Economics Explain the following; a) the concepts of inflation, recession and growth? b) the marginal propensity to consume, multiplier effect and accelerator effect?

Topic: International Economics

Explain the following;

a) the concepts of inflation, recession and growth?

b) the marginal propensity to consume, multiplier effect and accelerator effect?

c) the monetary policy?

d) the budget deficit ?

e) the fiscal policy?

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