Question: The current state of the European economy: By now, you are relatively familiar with recent economic events in the United States. But what about Europe? Write two paragraphs about the state of the economy in the Euro area over the past several years. What has happened to inflation, real GDP growth, and unemployment? What about a key policy interest rate set by the European Central Bank (ECB)? An extremely helpful resource for this exercise is the ECB's Statistical Data Warehouse: (You may find it convenient to make a brief table of this data or even to copy some of the ECB's graphs.)