The European Union is seen as a less than optimal currency area because
A) of a lack of labor mobility and fiscal integration.
B) of a lack of fiscal integration and capital mobility.
C) of disagreements over fiscal policy and trade restrictions.
D) of the national identity lost with the euro.
A
Economics
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Suppose a country has a national debt of $5,000 billion, a GDP of $20,000 billion, and a budget surplus of $130 billion. How much will its new national debt be?
A) $5,130 billion B) $4, 870 billion C) $15,130 billion D) $19, 870 billion
Economics
When the actual unemployment rate equals the natural unemployment rate, inflation is
A) zero. B) constant. C) rising. D) falling.
Economics