This topic contains a solution. Click here to go to the answer

Author Question: According to Mundell, countries to constitute an optimal currency area need to satisfy one of the ... (Read 114 times)

futuristic

  • Hero Member
  • *****
  • Posts: 638
According to Mundell, countries to constitute an optimal currency area need to satisfy one of the two conditions. Explain these conditions.
 
  What will be an ideal response?

Question 2

Which of the following represents a dimension of technological progress?
 
  A) larger quantities of output for given quantities of capital and labor
  B) better products
  C) a larger variety of products
  D) new products
  E) all of the above



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Zack0mack0101@yahoo.com

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

Mundell argued these countries need to satisfy one of the two conditions: 1 ) the countries have to experience similar shocks, then they would have chosen roughly the same monetary policy; 2 ) Or, if the countries experience different shocks, they must have high factor mobility.

Answer to Question 2

E




futuristic

  • Member
  • Posts: 638
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

For a complete list of videos, visit our video library