6. Monetary integration When two or more countries achieve monetary integration, the economies of the two countries use Which of the following are included in economist Robert Mundell's requirements for an optimal currency area? Check all that apply. Check all that apply. Capital mobility Labor mobility Strict immigration laws Coordinated fiscal policies Although the United States is one country, consider each of the 50 states in the United Stated as its own economy. For example, California would be considered one economy, while Nevada would be considered a separate economy. Use the following table to indicate whether these 50 separate state-level economies meet the conditions proposed by Rober Mundell. Condition Labor mobility Wage and price flexibility currency and have Yes No O O

6. Monetary integration When two or more countries achieve monetary integration, the economies of the two countries use Which of the following are included in economist Robert Mundell's requirements for an optimal currency area? Check all that apply. Check all that apply. Capital mobility Labor mobility Strict immigration laws Coordinated fiscal policies Although the United States is one country, consider each of the 50 states in the United Stated as its own economy. For example, California would be considered one economy, while Nevada would be considered a separate economy. Use the following table to indicate whether these 50 separate state-level economies meet the conditions proposed by Rober Mundell. Condition Labor mobility Wage and price flexibility currency and have Yes No O O

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter4: The Aggregate Economy

Section: Chapter Questions

Problem 5E

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