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QUESTION
(a) What are the causes of inflation in an economy?
(b) Discuss the policy implications that the central bank will implement if there is excess liquidity in the market.
(c) Explain the different types of unemployment that exist.
(d) Explain the trade-off between inflation and unemployment.
What is Frugal Economy
Calculate Average Total Cost A perfectly Competitive firm is operating at a profit-maximizing level of output, q*. This output level is 500 units. At this output level, the
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