The collapse of communism in eastern Europe after 1989 created a major shift in the world and led to what is known as the

a. global war on terror.
b. free market society.
c. rise in multipolarity.
d. third wave of democratization.

d. third wave of democratization.

Economics

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In what sense is "austerity" an inevitable result of structural adjustment?

What will be an ideal response?

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Refer to the graphs shown. Which of the graphs correctly depict the long-run Phillips curve?

A. A B. B C. C D. D

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