One drawback to a single currency is that
A) the exchange rate is more volatile.
B) bond markets are larger and therefore harder to control.
C) exporters and importers have fewer choices about how they will receive and make payments.
D) individual nations cannot use monetary policy to stabilize the economy.
E) foreign currency is more expensive.
D
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Draw an aggregate supply and aggregate demand graph which shows the economy producing an output which exceeds potential output in the short run, and the adjustment that will occur as the economy adjusts to long-run equilibrium
What will be an ideal response?
Which of the following would cause a firm's production function to shift upward?
A. Increased training for the firm's workers. B. An increase in factor costs. C. An increase in production by the firm. D. Hiring more workers.