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November 13, 2023

Define economics and explain why it is an important field of study. Give two examples 2. ?Differentiate between micro and macroeconomics. Give 2 real-life scenarios 3. Define inflation. W

1. Define economics and explain why it is an important field of study. Give two examples

2. Differentiate between micro and macroeconomics. Give 2 real-life scenarios

3. Define inflation. What are its main causes? Give at least 2 examples

4. What are the main tools of monetary policy? Give examples.

5. Define exchange rates and explain how they are determined. Give concrete examples (2).

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