Which one of the following is not an argument in support of the UK joining the EMU ?

Related Mcqs:

A high degree of real wage flexibility will tend to reduce the cost to a country of joining a currency union because ?

A. All of the reasons given in these answers are correct B. real wages fall rapidly in a recession and the economy moves quickly back to long run equilibrium so limiting the duration of the recession even when exchange rate adjustment is not possible C. workers will move from a country in which aggregate demand … A high degree of real wage flexibility will tend to reduce the cost to a country of joining a currency union because ?Read More...

Which of the following could not be described as an asymmetric macroeconomic shock ?

A. None of these answers All of them are asymmetric macroeconomic shocks B. A sudden and substantial fall in the worldwide demand for French wine C. An epidemic of an animal disease in a country that significantly reduces the country’s agricultural output D. A sudden and substantial rise in prices on the world oil market...

Which one of the following is not a characteristic that reduces the cost of a signals currency ?

A. A high degree of labour mobility among the countries of the common currency area B. A high degree of capital mobility among the countries of the common currency area C. None of the characteristics described in these answers They are all characteristics that reduce the cost of a single currency D. A high degree … Which one of the following is not a characteristic that reduces the cost of a signals currency ?Read More...

What is fiscal federalism ?

A. A fiscal system for a group of countries in which fiscal policy is set in a treaty signed by all the countries B. A fiscal system for a group of countries in which government budget deficits are strictly limited C. A fiscal system for a group of countries involving a common fiscal budget and … What is fiscal federalism ?Read More...

Which of the following is a problem for fiscal policy in a currency union ?

A. The central bank controls interest rates on long-term bonds issued by the governments of the member countries of the currency union B. Government of the member countries of the currency union may run large budget deficit and so crowd out private investment C. government of the member countries of the currency union may run … Which of the following is a problem for fiscal policy in a currency union ?Read More...