A single currency area requires
A)mobile labor and synchronized business cycles.
B)immobile labor and synchronized business cycles.
C)immobile labor and mobile capital.
D)a political union.
E)mobile labor and unsynchronized business cycles.

Question

Quizplus · Accepted Answer

A single currency area requires mobile labor and synchronized business cycles to adjust to economic shocks and maintain stability without individual monetary policies.

A Single Currency Area Requires