Question: Look through the costs and benefits that we identified from
Look through the costs and benefits that we identified from the completion of the internal market. Do the same costs and benefits arise from the enlarged EU of 27 members?
Answer to relevant QuestionsFor what reasons might the price of foreign holidays rise? In each case, identify whether these are reasons affecting demand, supply, or both.Compare the relative effectiveness of fiscal and monetary policy under (a) fixed; (b) free-floating exchange rates. How is the effectiveness influenced by the elasticity of supply of international finance?If speculators had better information about future exchange rates, would their actions be more or less stabilizing than at present?How are asymmetric shocks dealt with within a country? To what extent can this process be mirrored within the Eurozone?To what extent was the debt crisis of the early 1980s caused by inappropriate policies that had been pursued by the debtor countries?
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