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Author Question: According to Mundell, countries to constitute an optimal currency area need to satisfy one of the ... (Read 115 times)

futuristic

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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



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Zack0mack0101@yahoo.com

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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

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Reply 2 on: Jun 30, 2018
Excellent


tanna.moeller

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Reply 3 on: Yesterday
Gracias!

 

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