Multiple Choice
According to the secular stagnation explanation, the two "culprits" for why Western economies have not had strong recoveries in the aftermath of the financial crisis are:
A) low TFP and high labor costs.
B) political weakness and austerity policies.
C) a global savings glut and reluctance to invest.
D) negative real interest rates and a depreciating U.S. dollar.
E) low inflation and high unemployment.
Correct Answer:

Verified
Correct Answer:
Verified
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