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Disease Was a Major Factor in the Colonization of the Americas.Consider

question 12

Essay

Disease was a major factor in the colonization of the Americas.Consider what might have happened had this one impact not occurred.Discuss two possible scenarios of how colonialism would have been different in the Americas without the aid of European diseases.

Understand the concept of disinflation and its effects on the economy.
Differentiate between short-run and long-run Phillips curves and their shifts.
Recognize the impact of world commodity prices on the economy.
Calculate the economic cost associated with reducing inflation using the sacrifice ratio.

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