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Since the Late 1970s,European Governments Have Desired More Stable Intra-European

Question 33

Multiple Choice

Since the late 1970s,European governments have desired more stable intra-European exchange rates


A) in spite of the fact that exchange-rate costs are relatively inexpensive for most EU countries.
B) because the cost of floating in the EU is so high that European governments are more willing to sacrifice domestic autonomy.
C) because European governments are less willing to sacrifice domestic autonomy.
D) because EU governments were equally committed to fighting inflation.
E) because EU governments were required to maintain balanced budgets.

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