Identify whether each attribute in the following table is an advantage or disadvantage of sharing a currency across country boundaries. Advantage Disadvantage Attribute Greater risk of macroeconomic shocks Elimination of exchange fluctuations Lower protectionism Greater certainty for investors Dependent monetary policy Which of the following are reasons the European Union is considered Labor immobility an optimal O No legal or cultural barriers to labor mobility across borders a suboptimal A single monetary policy that is equally effective across borders Wage rigidity currency area? Check all that apply.

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