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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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