Which one of the following policy measures is not available to countries that are members of the euro area?
A) An improvement of their international price competitiveness through currency depreciation
B) Reducing taxes on individuals and firms
C) Labour market reform
D) Reductions in interest rates

Question

Quizplus · Accepted Answer

Countries in the euro area do not have control over their individual monetary policies, including setting interest rates, as this is managed by the European Central Bank (ECB) for the entire eurozone.

Which One of the Following Policy Measures Is Not Available