please help me 6 and 7. Thank you 6) Several countries have opted to join currency unions. Examples include those in the euro area, the CFA franc union in West Africa, and the Caribbean currency union. This involves sacrificing the domestic currency in favor of using a single currency unit in multiple countries. Assuming that once a country joins a currency union, it will not leave, do these countries face the policy trilemma discussed in the text? Explain.   7) During the Great Depression, the United States remained on the international gold standard longer than other countries. This effectively meant that the United States was committed to maintaining a fixed exchange rate at the onset of the Great Depression. The U.S. dollar was pegged to the value of gold along with other major currencies, including the British pound, French franc, and so on. Many researchers have blamed the severity of the Great Depression on the Federal Reserve and its failure to react to economic conditions in 1929 and 1930. Discusshow the policy trilemma applies to this situation.

Please help me with 1 and 2. Thank you 1. Several countries have opted to join currency unions. Examples include those in theeuro area, the CFA franc union in West Africa, and the Caribbean currency union. Thisinvolves sacrificing the domestic currency in favor of using a single currency unit inmultiple countries. Assuming that once a country joins a currency union, it will notleave, do these countries face the policy trilemma discussed in the text? Explain. 2. During the Great Depression, the United States remained on the international goldstandard longer than other countries. This effectively meant that the United States wascommitted to maintaining a fixed exchange rate at the onset of the Great Depression.The U.S. dollar was pegged to the value of gold along with other major currencies,including the British pound, French franc, and so on. Many researchers have blamed theseverity of the Great Depression on the Federal Reserve and its failure to react toeconomic conditions in 1929 and…

Which of the following are included in economist Robert Mundell's requirements for an optimal currency area? Check all that apply. Check all that apply. Labor mobility Wage and price flexibility Capital mobility Differing capital market regulations Although the United States is one country, consider each of the 50 states in the United Stated as its own economy. For example, California would be considered one economy, while Nevada would be considered a separate economy. Use the following table to indicate whether these 50 separate state-level economies meet the conditions proposed by Rober Mundell, Condition Labor mobility Wage and price flexibility Yes No C

Please label your answers to the following questions clearly. (a) Outline two factors that affect the demand for a currency and two factors that affect its supply. (b) Imagine that the diagram below respresents the market for the Australian Dollar. Refer to this diagram in explaining what would happen to the value of the Australian Dollar if Australia suddenly experienced an increase in its inflation rate relative to that of its trading partners. ER SAUD ER, DAUD Quantity of AUD