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According to the theory of optimal currency areas, which of the following can lower the costs to country X of joining a currency union with
According to the theory of optimal currency areas, which of the following can lower the costs to country X of joining a currency union with the U.S.? a. Country X faces demand shocks which are negatively correlated with those in the U.S. 2 b. Country X faces demand shocks which are positively correlated with those in the U.S
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