In an Optimal Currency Area,similarities in the Underlying Structure of Economic

question 119

True/False

In an optimal currency area,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.

---

Definitions:

Moderate

Average in size, intensity, or degree; not extreme.

Conflict Intensity

Describes the degree or severity of discord or disagreements among individuals or groups, which can range from mild disagreements to severe disputes.

Moderate Levels

Refers to average or reasonable extents, degrees, or quantities, often used in the context of risk, consumption, activity, or intensity.

Positive Outcomes

The beneficial results or effects resulting from actions, interventions, or processes.