Word: problem
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...real time, and most economists and policymakers did not fully appreciate the extent of the productivity slowdown until the late 1970s. This further influenced the policymakers of the time toward running a monetary policy that was too accommodative. The resulting overheating of the economy probably exacerbated the inflation problem of that decade.9
...this period. In part, this was because policymakers, in choosing what they believed to be the appropriate setting for monetary policy, overestimated the productive capacity of the economy. I'll have more to say about this shortly. Federal Reserve policymakers also underestimated both their own contributions to the inflationary problems of the time and their ability to curb that inflation. For example, on occasion they blamed inflation on so-called cost-push factors such as union wage pressures and price increases by large, market-dominating firms; however, the abilities of unions and firms to push through inflationary wage and price...
...There are many categories in which a history professor can teach,” he said. “It seems to me to be a non-problem...
Although the space crunch is a real problem, transfer students are a relatively small part of the student body. Given that 1,308 students competed this year for a mere 40 estimated transfer spots, admitted students could easily be spread across all 12 houses with minimal disturbance. Using temporary or graduate housing, cutting the size of the incoming freshman class, or reopening housing in Massachusetts Hall (which the College plans to do) would be more effective in confronting the housing constraints...
...offer. At the age of 29, she enrolled as an undergraduate at the University of Washington and worked the evening shift at a retail jewelry store. She came home from school and work every day to take care of her family and to work on her own problem sets and papers...