The Convergence Criteria for Joining the EMU Include All the Following

question 46

Multiple Choice

The convergence criteria for joining the EMU include all the following except

• A)inflation at a given low rate.
• B)the long-term interest rate at a given low rate.
• C)a budget deficit not exceeding 3 percent of GDP.
• D)government debt not exceeding 60 percent of GDP.
• E)an annual growth rate of real GDP per capita higher than 5 percent.

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Definitions:

Anxiety

A feeling of worry, nervousness, or unease, often about an imminent event or something with an uncertain outcome.

Depression

A common mental health disorder characterized by persistent sadness, lack of interest or pleasure in activities, and a range of emotional and physical problems.

Learned Taste Aversion

A defensive mechanism where an organism learns to avoid a food that previously caused an adverse reaction, such as nausea.

Preparedness

The state of being ready and able to deal with specific situations or emergencies, often through planning and training.