<span>Local and global interactions are promoted through a progressive trade among the nations. It was shown that a free-market economy paved way to improving the partnerships and relations among the different nations around the world.
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Answer:
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Explanation:
Answer:
Demographic change can influence the underlying growth rate of the economy, structural productivity growth, living standards, savings rates, consumption, and investment; it can influence the long-run unemployment rate and equilibrium interest rate, housing market trends, and the demand for financial assets. Moreover, differences in demographic trends across countries can be expected to influence current account balances and exchange rates. So to understand the global economy, it helps to understand changing demographics and the challenges they pose for monetary and fiscal policymakers.
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