23. The monetary criteria for a nation to join the European Union includes all o

Question

23. The monetary criteria for a nation to join the European Union includes all of these EXCEPT: a. maintaining annual deficits of less than 3% of GDP. b. having no major currency devaluation in the preceding two years. c. maintaining an unemployment rate no higher than 1.5% above the average of the three member countries with the lowest unemployment. d. maintaining an inflation rate no higher than 1.5% above the average of the three member countries with the lowest inflation. 23. The monetary criteria for a nation to join the European Union includes all of these EXCEPT: a. maintaining annual deficits of less than 3% of GDP. b. having no major currency devaluation in the preceding two years. c. maintaining an unemployment rate no higher than 1.5% above the average of the three member countries with the lowest unemployment. d. maintaining an inflation rate no higher than 1.5% above the average of the three member countries with the lowest inflation.

Explanation / Answer

The monetary criteria for a nation to join the European Union does not include the following:

c. maintaining an unemployment rate no higher than 1.5% above the average of the three member countries with the lowest unemployment.

Several countries like Greece, Spain, Italy, etc., are members of the European Union that have an unemployment rate much higher than the average of the three member countries with the lowest unemployment.

Related Questions

Navigate

• Browse (All)
• Browse 2
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.