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a. Discuss the benefits and costs of joining a fixed-exchange area. b. Use the GG-LL diagram to explain how an increase in the size and

a. Discuss the benefits and costs of joining a fixed-exchange area.

b. Use the GG-LL diagram to explain how an increase in the size and frequency of unexpected money demand function affects the level of economic integration with a currency area at which the country will wish to join.

c. How has the Covid-19 pandemic put pressure on the EU?

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