Question: 23. Explain the following economic terms and give an example for each term: a. Trade Deficit b. Net Export c. Stagflation d. Budget Deficit e.

23. Explain the following economic terms and give an example for

23. Explain the following economic terms and give an example for each term: a. Trade Deficit b. Net Export c. Stagflation d. Budget Deficit e. Price Ceiling f. Business Cycle g. International Trade h. Marginal Propensity to Consume (MPC) i. Average Propensity to Save (APC) j. Excess Reserves for banks k. Exchange rate

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