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The Chinese economic reform or reform and opening-up; known in the West as the Opening of China is the program of economic reforms termed "Socialism with Chinese characteristics" and "socialist market economy" in the People's Republic of China (PRC). Led by Deng Xiaoping, often credited as the "General Architect", the reforms were launched by reformists within the Chinese Communist Party (CCP) on December 18, 1978 during the "Boluan Fanzheng" period.[1][2][3][4] The reforms went into stagnation after the 1989 Tiananmen Square protests, but were revived after Deng Xiaoping's Southern Tour in 1992. In 2010, China overtook Japan as the world's second-largest economy.
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The correct answer is letter "A": With the longer duration of unemployment benefits, firms needed to keep wages high to attract people to work. This caused downward wage rigidity, leading to persistent higher unemployment.
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The Great Recession (2007-2009) is the period in U.S. economics when it suffered a high-scale dwindle as a result of the collapse in the real estate market and the subprime mortgage crisis. The financial sector collapsed as well forcing some banks to declare bankruptcy.
In this context, long-lasting unemployment benefits were provided such us <em>downward wage rigidity</em>, which implied employers were unable to reduce the salaries in dollar terms. By doing that, having low to none income, in order to meet their income objectives, major organizations had to lay off employees directly causing the rate of unemployment increase.
Jesus was a man who, according to the various books of the Bible, was the son of God. They speak of their passage through the world as an act of God´s redemption for the world, since sin had generated a state of crisis that could even destroy the social foundations, and this problem could not be solved even by the rulers of the epoch.
Even personally I do not believe in Jesus, the simple fact Christianity is a religion which allows the people to do the correct and help the others is so respectable.
