7. Economic costs and benefits of a common currency Identify whether each attribute in the following table is an advantage or disadvantage of sharing a currency across country boundaries. Attribute Advantage Disadvantage Speculative attacks during currency transition Price stability Limited scope for fiscal policy Protection from monetary disturbances and speculation Lower transaction costs Which of the following are reasons the European Union is considered currency area? Check all that apply. Wage rigidity Labor mobility Limited use of fiscal policy Labor immobility |00000 a suboptimal an optimal