(1) Define and distinguish the following Macro-economic terms;-
a) IS curve and LM curve ( 2marks)
b) Crowding out effect and Liquidity trap (2marks)
c) Fixed and Dirty float exchange rate regimes (2marks)
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Write My Essay For Me(2) Highlight the factors that determine aggregate consumption in the economy (6marks)
(3) Discuss the impact of an expansionary monetary and fiscal policies in a closed economy (10marks)
(4) Inflation is detrimental to economic performance. Assume that your country is experiencing high level of inflation, clearly advice the policy authorities on the relevant raft of policy measures that should be implemented to curb inflation(8 marks)
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