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The basis of this analysis is taken from McConnell and Brue (2001) "Economics ? Principles, Problems and Policies, 15th Edition" and Arnold (2001) "Economics Fifth Edition." References cited and used are at the end of the paper in the references section.
McConnell and Brue (2001) indicated that macroeconomics often uses the aggregate demand (AD) and aggregate supply (AS) framework of analysis to discuss the price level, GDP, Real GDP, unemployment, interest rates, discount rate and economic growth (Chap. 13 - 15).
Collins and Devanna (1994) stated, "Monetary policy refers to the government's control of the nominal stock of money, fiscal policy to its control over government expenditure and taxation" (p...
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Common topics in this essay:
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