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Author Question: How did the European single currency evolved? What will be an ideal ... (Read 19 times)

lilldybug07

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on: Jun 30, 2018
How did the European single currency evolved?
 
  What will be an ideal response?

Question 2

Under fixed exchange rate, the response of an economy to a temporary fall in foreign demand for its exports is
 
  A) the currency appreciates, and output falls.
  B) the currency depreciates, and output falls.
  C) the currency remains the same, and output decreases.
  D) the currency depreciates, and output remains constant.
  E) the currency appreciates, and output remains the same.


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softEldritch

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Reply #1 on: Jun 30, 2018
Answer to Question 1

The answer is related to the collapse of Bretton Woods and the European Currency reform of 1969-1978. The Werner Report of 1971 establishes three-phase program to lead to the EMU.

Answer to Question 2

C


lilldybug07

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Reply #2 on: Jun 30, 2018
Thank you


softEldritch

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Reply #3 on: Jun 30, 2018
No problemo


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