2. Choose a transition economy: What is its recent economic progress. Do you believe its economy will flourish or stagnate? Why? What can that country's government do (if anything) to" help" the economy flourish?

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A: Quarterly nominal interest rate = 10% / 4 = 2.5% Number of quarters = 6 x 4 = 24

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A:

Q: Answer the attach file

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A: The trade-off between unemployment and inflation in an economy is represented by a Phillips curve.

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A: An outlier refers to an observation of the data that is an abnormal distance from other points; and…