A Main Disadvantage of the European Monetary Union Is That

question 160

Multiple Choice

A main disadvantage of the European Monetary Union is that

• A) each member country loses the use of monetary policy as to tool to combat recession.
• B) there is a high degree of labor mobility among the member countries.
• C) prices are highly flexible in response to changing economic conditions.
• D) wages are highly flexible in response to changing economic conditions.

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