Question: Identify whether each attribute in the following table is an advantage or disadvantage of sharing a currency across country boundaries. Attribute Advantage Disadvantage Enhanced competition

Identify whether each attribute in the following table is an advantage or disadvantage of sharing a currency across country boundaries. Attribute Advantage Disadvantage Enhanced competition Increased difficulty adjusting out of recession Uniform prices Lower cost of currency conversion Higher risk of public debt Which of the following are reasons the European Union is considered currency area? Check all that apply. Low economic efficiency gains Labor immobility Limited use of fiscal policy Wage rigidity

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