The single currency project in the EU will be most successful if European labor is relatively

Question

Quizplus · Accepted Answer

The single currency project in the EU, such as the Euro, will be most successful if labor is mobile and business cycles are synchronized across member countries. Labor mobility allows for easier adjustment to economic shocks by moving where jobs are available, and synchronized business cycles mean that economic policies, including monetary policy, are more effective across the entire area using the single currency.

The Single Currency Project in the EU Will Be Most