To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:

Relative to the United States, Europe has

A) higher unemployment. B) slower job growth. C) higher real wage growth. D) A and B. E) all of the above.

The main contributor to growth in the high growth Asian economies, according to empirical research was government industrial policies

Indicate whether the statement is true or false