The European Monetary Union,which preceded the Euro,was
A)opposed by most politicians.
B)favored by most economists.
C)likely to improve the use of monetary policy to deal with contractionary shocks which strike only one or two countries in Europe.
D)all of the above.
E)none of the above.

Question

Quizplus · Accepted Answer

The European Monetary Union was not opposed by most politicians, nor was it universally favored by economists. It also did not necessarily improve the use of monetary policy for dealing with country-specific shocks, as the single currency limits individual countries' monetary policy flexibility.

The European Monetary Union,which Preceded the Euro,was