Engaging in fiscal and monetary policies


Question: Using the Euro as a model of comparison, do you think the members of NAFTA (U.S., Canada, Mexico) could adopt a similar common currency. Explain why or why not (hint: think in terms of how each country might engage in fiscal (taxes and government spending) and monetary (interest rates and the money supply) policies ... and other implications.

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Microeconomics: Engaging in fiscal and monetary policies
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