Explanation:
Founded by an act of Congress in 1913, the Federal Reserve's primary purpose was to enhance the stability of the American banking system.
Answer:
The economic challenge that Eastern Europe faces today is a lack of modernized industries.
The Eastern part of Europe is an area that is known to have very few modern industries. The Eastern part of the country is characterized by unemployment and more poverty.
This is in contrast to their counterparts in the Western parts of Europe. Majority of the poor people are found in their urban areas.
The East side used to have industrialized cities in the past. But now these areas are poorer than the west. The fall of the Soviet Union led to a fall in the economy of these areas.
Triangulation<span> is a way of determining something's location using the locations of other things</span>
In the long run, diseconomies of scale will exist as the inputs are raised by 10 percent and the output by 5 percent.
<h3>What are diseconomies of scale?</h3>
Diseconomy is the disadvantage of the financial and the economical sector of the long-run businesses that arise when the input and the cost of production are increased.
The input and the output are dependent on each other and the cost of production determines the financial gain or loss in a business. So, if the input and the output both are increasing then it will lead to diseconomy.
Therefore, the 10 percent increase in input and 5 percent increase in output leads to diseconomy.
Learn more about diseconomy here:
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