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Explain why the European Union's current combination of rapid capital migration with limited labor migration may actually raise the cost of adjusting to product market shocks without exchange rate change?
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An unclear, imprecise, or poorly defined thought or concept, often needing further clarification.
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A proposal presented by a seller to a potential buyer to provide a product or service under specified terms and conditions.
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A device that converts audio signals into FM signals, allowing them to be played through an FM radio receiver.
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