Economists are concerned that a large cost to nations entering into a monetary union is:
A) the inability to collect taxes.
B) the inability to rescue banks or stimulate the economy via a lender-of-last-resort mechanism.
C) the tendency toward ever higher deficits.
D) sticky prices.
Ans: B) the inability to rescue banks or stimulate the economy via a lender-of-last-resort mechanism.
Economics
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