Which of the following is an advantage of the European Monetary Union?
A. Greater national identity
B. Greater monetary independence for each member
C. Increased economies of scale
D. Higher transaction costs
Answer: C
Economics
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Over the period 1890-2014, Japan experienced a 2.59 percent average annual growth rate of real GDP per person
a. True b. False Indicate whether the statement is true or false
Economics
In year 1 the CPI is 174, and in year 2 the CPI is 190. If Sarah's salary was $49,800 in year 1, what salary in year 2 would cause her to exactly "keep up with inflation"?
A) $34,004 B) $42,942 C) $40,508 D) $54,379
Economics