This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is an optimal currency area? Also, discuss the conditions that must be satisfied for an optimal ... (Read 177 times)

vicky

  • Hero Member
  • *****
  • Posts: 586
on: Jun 30, 2018
What is an optimal currency area? Also, discuss the conditions that must be satisfied for an optimal currency area to exist.
 
  What will be an ideal response?

Question 2

Which of the following will cause a reduction in the steady-state growth rate of output per worker?
 
  A) a reduction in the saving rate
  B) an increase in the population growth rate
  C) an increase in the rate of depreciation
  D) an increase in the saving rate
  E) none 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

joechoochoy

  • Sr. Member
  • ****
  • Posts: 306
Reply #1 on: Jun 30, 2018
Answer to Question 1

An optimal currency area would be a region where one currency could be used. There are two conditions needed for this to be successful: similar shocks in the countries and high factor mobility.

Answer to Question 2

E


vicky

  • Hero Member
  • *****
  • Posts: 586
Reply #2 on: Jun 30, 2018
Thank you :)


joechoochoy

  • Sr. Member
  • ****
  • Posts: 306
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Under what conditions can the transition to middle school be associated with declines in grades and ... Under what conditions can the transition to middle school be associated with declines in grades and ...
Conditions Treated by Physical Therapy Conditions Treated by Physical Therapy
Stripping effleurage over the shoulder area. Use the thumbs sliding away from each other to apply a ... Stripping effleurage over the shoulder area. Use the thumbs sliding away from each other to apply a ...
Hill plots of oxygen binding for myoglobin and hemoglobin under physiological conditions Hill plots of oxygen binding for myoglobin and hemoglobin under physiological conditions
How to find the area of composite figures (Part 2) How to find the area of composite figures (Part 2)
Video: Structures that affect circulation - heart and systolic/diastolic BP

For a complete list of videos, visit our video library