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. Monetary policy in Europe, China, and the US: a. Last month in the euro area, the ination measured as percent change on one year
. Monetary policy in Europe, China, and the US: a. Last month in the euro area, the ination measured as percent change on one year ago was 4.9 percent, and in the previous month, unemployment was 7.3 percent. If these rates persist, how will they complicate the ECB's job? [1 line] e. Let's move to words: can you list two examples of how words could help central bankers in their attempt to stabilize the economy? [1 line] b. Two months ago in the euro area, unemployment was less than 3.5 percent in Germany and the Netherlands and more than 12.5 percent in Spain and Greece. How does this complicate the ECB's job? [1 line]
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