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What might have been one of the reasons for the severity and duration of the economic crisis in Europe?
jtfortwengler
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What might have been one of the reasons for the severity and duration of the economic crisis in Europe?
What might have been one of the reasons for the severity and duration of the economic crisis in Europe?
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Macroeconomics
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3
rd
Authors:
Acemoglu, Laibson, List
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One of the reason for the economic crises is the inability of European exchange rates to adjust. Each country in the European Union cannot devalue its currency in order to increase net exports, which impeded the stimulation of the economy of the countries in the union.
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jtfortwengler
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This helped my grade so much
oscar520000
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I appreciate what you did here, answered it right
decibul
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Brilliant
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