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Unformatted text preview: A bus company decides to reduce passenger fares. Explain the possible outcomes of this decision using economic concepts. 3. Use an aggregate demand / aggregate supply diagram to analyse the likely effects of an increase in interest rates. 4. Examine two reasons why a government might wish to control increases in its expenditure. 5. Explain why the depreciation of a country&s exchange rate might not improve its balance of payments? 6. In what ways might a more equal distribution of income contribute to economic development. 2 M02/330/H(2) 222-032...
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This note was uploaded on 02/12/2010 for the course ECON 201 taught by Professor Smith during the Spring '10 term at Whittier.
- Spring '10