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Q.1 Describe the major economic ideas of at least two of the schools of economic thought that were described in the class. Be sure to include:

a) a general description of the school
b) at least one major economist belonging to that school
c) at least two specific ideas that belong to that school
d) your informed view or analysis of the school's beliefs

Q.2 Explain the impact which fluctuations in exchange rates can have on the balance of trade. Be specific in your answer.

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