Question
A country which decides to join a Monetary Union expects a decreased ability to stabilize its output around the full employment level and keep inflation
A country which decides to join a Monetary Union expects a decreased ability to stabilize its output around the full employment level and keep inflation low compared with its initial ability under flexible exchange rates. (2.5 marks)
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Macroeconomics
Authors: David Colander
8th edition
978-0078004407, 78004403, 978-0077247171, 77247175, 978-0077307110
