... wrong in the 1960s and 1970s:stagflation in the United States, the drug culture in the United States and Europe, even the sharp increase in teenage pregnancy in the United States.Use of the term ... economics and politics : cross-cutting issues in Asia, the United States, and the global economy / Charles Wolf, Jr.p. cm. The 38 essays in this book were written between the end of 1996 and the ... country’s currency, and its foreign exchange(“nominal”) value. (The rationale underlying this measure is that,other things equal, the more “open” an economy, the closershould be the PPP and foreign...