A nation joining a currency union must subject itself to the ______ policies of the union, which may or may not conform to its own objectives or economic or political values.

How do changes in the demand for and supply of loanable funds change the real interest rate and quantity of loanable funds?

What will be an ideal response?

When _____ are ______, it will be difficult to reach a private solution

a. transactions costs; high b. transactions costs; low c. externalities; visible d. externalities, invisible