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The European Monetary Union (EMU) now has 28 countries that have given up their individual Federal Reserve-monetary policy and are all bound to the same
The European Monetary Union (EMU) now has 28 countries that have given up their individual "Federal Reserve-monetary policy" and are all bound to the same monetary policy set by the European Central Bank whose headquarters are in Frankfurt, Germany.
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If one of the countries within the EMU is now experiencing a downturn in their overall country's GDP, what policies do they have available to them to expand the economy? What expansionary policies can they use? Explain.
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