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Macroeconomics 5th Edition by Olivier Blanchard
Edition 5ISBN: 978-0132159869Macroeconomics 5th Edition by Olivier Blanchard
Edition 5ISBN: 978-0132159869 Exercise 5
Macroeconomic policy in Europe Beware of simplistic answers to complicated macroeconomic questions. Consider each of the following statements and comment on whether there is another side to the story.
a. There is a simple solution to the problem of high European unemployment: Reduce labor market rigidities.
b. What can be wrong about joining forces and adopting a common currency The euro is obviously good for Europe.
a. There is a simple solution to the problem of high European unemployment: Reduce labor market rigidities.
b. What can be wrong about joining forces and adopting a common currency The euro is obviously good for Europe.
Explanation
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(a) The problem of high European unemplo...
Macroeconomics 5th Edition by Olivier Blanchard
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