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For the next three questions, use the theory of optimal currency areas to evaluate whether characteristics of countries X and Y render a currency union
For the next three questions, use the theory of optimal currency areas to evaluate whether characteristics of countries X and Y render a currency union between them more/less optimal. Positive demand shocks in country X occur whenever there are negative demand shocks in country Y. This makes a currency union between X and Y Group of answer choices More optimal Less optimal
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