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Question: 1. Using a simple Keynesian framework, assuming no government and no foreign sector, show how national income is determine. Define and explain the income multiplier with such a framework.

2. Compare and contrast floating and fixed exchange rate systems Critically discuss the advantages and disadvantages of adopting these two types of exchange rate systems

3. Define inflation and discuss three causes of inflation Is inflation a good thing or a bad thing? Discuss critically using examples.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92582943

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