A variety of indicators such as goods and labor market integration, differing unemployment rates, and the lack of fiscal federalism have prompted most economists to:
A) herald the success of the Eurozone.
B) conclude that the Eurozone has performed better than the United States in nearly every category.
C) conclude that the Eurozone has not been (and is not now) an optimal currency area going back to the 1990s.
D) recommend changes to the new currency to make it more responsive to demand shocks.
Ans: C) conclude that the Eurozone has not been (and is not now) an optimal currency area going back to the 1990s.
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a. true b. false