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0:32
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Macro Economics with Michael.
Open-Economy Macro — Exchange Rate Regimes: True, False or Uncertain? #Shorts
True, False, or Uncertain? Test yourself on Open-Economy Macro. Statement: Joining a currency union is always a net economic benefit for a member country. Answer: UNCERTAIN It depends — it cuts trade costs but surrenders independent monetary policy and the exchange-rate shock absorber. Subscribe to Macro Economics with Michael for more. # ...
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