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A country which decides to join a Monetary Union expects a decreased ability to stabilize its output around the full employment level and keep

A country which decides to join a Monetary Union expects a decreased ability to stabilize its output around the full employment level and keep inflation low compared with its initial ability under flexible exchange rates.

A country which decides to join a Monetary Union expects a decreased ability to stabilize its outputaround the full employment level and keep inflation low compared with its initial ability under...
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