In A(n) ____, Similarities in the Underlying Structure of Economic

question 101

Multiple Choice

In a(n) ____, similarities in the underlying structure of economic activity make it feasible to adopt a single currency and use a single exchange rate as an instrument of macroeconomic policy.

• A) optimal currency area
• B) unified economic area
• C) uniform currency zone
• D) monetary zone

---

Definitions:

X-axis

A horizontal line that typically represents independent variables or data points in a two-dimensional graph.

Positive Relationship

A correlation where an increase in one variable is associated with an increase in another variable.

Y-axis

The vertical axis in a coordinate plane, often used to represent values of a dependent variable in a graph.

X-axis

The horizontal axis in a graph or chart, on which values of one variable are plotted against the values of another (typically independent variable).