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Identify whether each attribute in the following table is an advantage or disadvantage of sharing a currency across country b
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Answer #1

Low Protectionism: Advantage

Elimination of Exchange Fluctuations: Advantage

Greater risk of Macroeconomic shocks: Disadvantage

Dependent monetary policy: Disadvantage

Greater certainty for investors: Advantage

European union is considered the suboptimal currency area because of:

Labor immobility

Limited use of fiscal policy

A single monetary policy which is equally effective across borders.

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