Exam (elaborations)
ECS3701 Nov exam memos
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ECS3701 Nov 2016 Exam Question 1 (25 marks) 1 1 Explain the following terms (8) (a) Fiscal policy Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy. (b) Budget deficit Budget deficit is a situation in which ...
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