The Stability Pact Signed by Many of the Countries That

question 281

Multiple Choice

The stability pact signed by many of the countries that adopted the euro limited each member nation's deficit to 3% of GDP. This:

• A)enhanced member countries' ability to conduct fiscal policy.
• B)enhanced member countries' ability to conduct monetary policy.
• C)limited member countries' ability to use fiscal policy.
• D)did away with budget deficits altogether.

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