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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.
Why demand curve is always negative and write its effects.
unemployment is voluntary, discuss in view of the classical economists and the keynesian
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What are the three approaches to measuring GDP? The three approaches are: a) The production approach, b) The spending approach and c) The income approach.
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