Which of the following, according to the Maastricht treaty, was a condition for participating in the common currency area?
A) a relatively small budget deficit-to-GDP ratio
B) at least half the population of the country must speak German, French and English
C) a promise that any future devaluations will be announced in advance
D) the replacement of the country's prime minister with an appointee of the new "United States of Europe"
E) a relatively small amount of foreign aid to countries outside the area
A
You might also like to view...
Money is always neutral. This statement is most likely to be made by a proponent of the
a. new Keynesian model. b. monetarist model. c. real business cycle model. d. classical model. e. both c and d.
Research by James Smith indicates that the grandsons of Mexican males who immigrated to the U.S. in the early 1900s
a. have higher levels of education and higher salaries than their grandfathers. b. have lower levels of education, but higher salaries than their grandfathers. c. have about the same level of education as than grandfathers and similar salaries. d. have lower levels of education and lower salaries than their grandfathers.
Among the very rich, the main source of income is most likely their wages
Indicate whether the statement is true or false
An expenditure schedule that lies below the full employment level of GDP will cause
a. rising prices. b. increasing output. c. falling inventories. d. falling prices.