Question: 7. Using the IS-LM-FX diagram, explain under which conditions a second-generation crisis occurs and when do multiple-equilibria arise. 8. What is the logic of the

7. Using the IS-LM-FX diagram, explain under which conditions a second-generation crisis occurs and when do multiple-equilibria arise.

8. What is the logic of the "Convergence Criteria" for going into the Eurozone?

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