1.Explain phases of a business cycle.(4 marks)
2.outline two causes of inflation.(4marks)
3.using diagrams distinguish IS and LM curves.(5 marks)
4.To what extent should money be scarce(10 mrks)
5.distinguish direct and indirect taxes(3 maks)
6.explain fiscal and monitary policies used to check inflation.(8 marks)

 

 

 

 

 

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