Consequences of the European Monetary Union include ________.

Question

Quizplus · Accepted Answer

One of the main consequences of the European Monetary Union is the implementation of a consistent monetary policy across the member economies to maintain price stability and control inflation.

Note: Option A is not a direct consequence of the European Monetary Union, although some argue that the design flaws of the euro contributed to the severity of the crisis. Option B is not a consistent consequence of the European Monetary Union, as some member economies have actually liberalized capital controls. Option C is also not a direct consequence, as unemployment rates have not fully converged and vary among different member economies.

Consequences of the European Monetary Union Include ________