Question: US (IS/IS NOT) an optimal currency area. NAFTA/USMCA (ALLOWS/ DOES NOT ALLOW) free movement of capital (investments) across borders. Economic unions inevitably lead to ________________.
- US (IS/IS NOT) an optimal currency area.
- NAFTA/USMCA (ALLOWS/ DOES NOT ALLOW) free movement of capital (investments) across borders.
- Economic unions inevitably lead to ________________.
- A countrys central bank need to (INREASE/DECREASE) interest rates to fight inflation.
- High interest rates cause economic (RECESSION/BOOM).
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