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Suppose Congress had the power to set monetary policy instead of the Federal Reserve. Do you think we might more frequently observe the "short-run gain, long-run pain" scenario? Please explain.
Randolph Bourne
An American intellectual and essayist who critiqued US participation in World War I and is best known for his essay "Trans-National America."
Mexican Immigration
The movement of people from Mexico to other countries, especially the United States, for various reasons including economic, family reunification, and political.
World War I
A global war originating in Europe that lasted from 1914 to 1918, involving many of the world's great powers and marking the downfall of several empires.
Labor Shortages
A situation in which there is a lack of available workers to fill job positions, which can lead to production delays, increased wages, and economic imbalances.
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