Word: decisiveand
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...more likely than the risk of a catastrophic double-digit output collapse,” Rogoff wrote. Rogoff also expressed the need for a speedy response by the Obama administration if the economic situation is to be rescued. “The longer the Obama administration dithers over a decisiveand comprehensive fix to the banking system, the greater the risks,” Rogoff wrote. According to Barro, America has been plagued by only two depressions since 1870—the post-World War I depression and the Great Depression. The Harvard economist’s current piece came...
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