Asymmetric shocks are likely to be greater in a single currency area the greater is the divergence in industrial structures between different countries or regions.

Question

Quizplus · Accepted Answer

Asymmetric shocks refer to economic disturbances that affect regions or countries within a single currency area differently. When there is a greater divergence in industrial structures between these countries or regions, they are more likely to respond differently to economic shocks, making asymmetric shocks more pronounced.

Asymmetric Shocks Are Likely to Be Greater in a Single