Question: Differentiate between the following economic terms, using examples to motivate your answer: 1.1.1 The short-run aggregate supply curve and long-run aggregate supply curve (6) 1.1.2

Differentiate between the following economic terms, using examples to motivate your answer: 1.1.1 The short-run aggregate supply curve and long-run aggregate supply curve (6) 1.1.2 Monopsony and monopoly (6) 1.1.3 Expansionary fiscal policy and contractionary fiscal policy (6)

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