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Problem 1:
(a) Explain the meaning of inflation.
(b) "Inflation is always and everywhere a monetary phenomenon." Discuss this statement.
(c) Briefly explain the link between budget deficits and inflation.
Problem 2:
Determine the monetary policy tools that the Central Bank can use to manipulate the money supply and assess the effectiveness of each of the policies.
Participation Rate:Proportion of working-age individuals who decide to ‘participate' in the labour force, by either being employed or actively seeking work. Precise definition of w
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how can a price ceiling make consumers better-off? under what conditions might it make them worse off?
what is diversification
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