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Author Question: According to Mundell, countries to constitute an optimal currency area need to satisfy one of the ... (Read 105 times)

futuristic

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on: Jun 30, 2018
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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Reply #1 on: Jun 30, 2018
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
YES! Correct, THANKS for helping me on my review

softEldritch

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Reply 3 on: Yesterday
Excellent

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