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Micro and macroeconomics.

  1. Define economics and explain why it is an important field of study. Give two examples
  2. Differentiate between micro and macroeconomics. Give 2 real-life scenarios
  3. Define inflation. What are its main causes? Give at least 2 examples
  4. What are the main tools of monetary policy? Give examples.
  5. Define exchange rates and explain how they are determined. Give concrete examples

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