Exam and study ecs3701 - Study guides, Study notes & Summaries
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ECS3701 Nov exam memos
- Exam (elaborations) • 6 pages • 2021
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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 government spending is greater than tax. (c) Monetary policy Monetary Policy is the management of money and interest rates by the central monetary authorities. Because money can affect many economi...
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