From your previous course(s) in economics, do you recall the concepts of inflation, recession, growth? marginal propensity to consume, multiplier, accelerator? monetary policy, budget deficit, fiscal policy? (If you do not remember some of these concepts, quickly review them from your principles of economics text or class notes.)

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The ideas or concepts mentioned in the concerned question constitute the foundational or guiding principles of macroeconomic policy implementation in any economy These are the stimulating factors that ... View the full answer