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we seek to understand two types of equilibria, one corresponding to the short run and the other corresponding to the long run. The short run in macroeconomic analysis is a period in which wages and some other prices do not respond to changes in economic conditions. In certain markets, as economic conditions change, prices (including wages) may not adjust quickly enough to maintain equilibrium in these markets. A sticky price is a price that is slow to adjust to its equilibrium level, creating sustained periods of shortage or surplus
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Answer:
Reign of Terror
Explanation:
Reign of Terror happened in 1793 after the Radical took control over the leadership positions within the French Revolution. This radicals were led by a man named Maximilien de Robespierre
During this time a lot of people within the French Revolutionaries group believed that the monarch has sent its people to inlingtrate the group. As a result, many of them started to threw around accusations, They arrested the people who they believed to be disloyal to the revolutionary cause even without hard evidence.
As a result, around 40,000 were massacred under Robespierre's leadership. The reign of terror lasted until they removed Robespierre from power on July 1794.
Answer: A new wave of bank failures hit in February 1933. Upon accepting the Democratic nomination, FDR had promised a "New Deal" to help America out of the Depression, though the meaning of that program was far from clear.
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Answer:
The House of Commons is the lower house and de facto primary chamber of the Parliament of ... The House of Commons of England started to evolve in the 13th and 14th centuries. ... As anticipated, he won that election, which was for the highest-majority seat in Scotland among his party; otherwise he would have been ...
Explanation:
The Roman Republic: At about the same time that popular ... much of western Europe, its government remained, in its basic features, that. ... The Comitia Curiata was composed of 30 curiae, or local groups, drawn from ... expanded powers for Parliament's lower house, the House of Commons,
Education or health services.