The demise of the planned economies of the Soviet Union and its satellite nations has turned
almost every nation in the world in the direction of a market-oriented system based around
private property and consumer choice. There are still great differences in institutional structure
across national economies, but reliance on the market mechanism in allocating scarce resources
and organizing economic activity is increasingly dominant. Many of these formerly planned
economies have gone through an extremely difficult period of transition, suffering from rising
prices, falling output, and high unemployment. Some have emerged with strong growth, declining
unemployment, relative price stability. But other transition economies have become stuck in an
apparent period of stagnation with high unemployment, rising prices, and falling output. Their
current situation is often compared with the Great Depression in the U.S. and Western Europe in
the 1930s. Do you think the remedy for the Depression that emerged for the Western nations is
applicable to these stagnant transition economies? Why or why not? Explain.

the Great Depression应该是demand shock, 而stagnant transition economies应该是supply shock.

是因为引起的原因不一样,所以应对的措施就不同呢? 还是说两者可以有相同的应对措施?

谢谢哒~~