Currently the NAFTA nations do not meet the conditions for an optimal currency area. What are the two main reasons why?
What will be an ideal response?
Historically Mexico's business cycle has not been correlated with the cycles in the United States and Canada; labor mobility is limited.
Economics
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If inflationary expectations are stable and there is no current inflation, the short-run Phillips curve will intersect the long-run Phillips curve at: a. a 0 percent unemployment rate
b. a 2 percent unemployment rate. c. a 4 percent unemployment rate. d. the natural rate of unemployment.
Economics
Which of the following groups would be most optimistic about the effects of economic growth?
a. Environmentalists b. Psychologists c. Economists d. All would be similar in their views
Economics