Question: Differentiate between the following terms. Marks will be awarded for your ability to show how these two concepts are different. Q.2.1 Stock variable and flow

Differentiate between the following terms. Marks will be awarded for your ability to show how these two concepts are different.

Q.2.1 Stock variable and flow variable. (4)

Q.2.2 Assumptions in AD/AS models and assumptions in Keynesian models. (4)

Q.2.3 Absolute advantage and comparative advantage. (4)

Q.2.4 Nationalisation and privatisation. (4)

Q.2.5 Expansionary fiscal policy and expansionary monetary policy. (4)

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