[单项选择]With euro bills and coins now circulating across much of Europe, the European Monetary Union is fully in place. The post-World War Ⅱ European leaders’ dream of an economically and politically unified continent is one large step closer to realization, and membership in the monetary union could easily grow to 20 or more countries from the current 12 as the large European Union expands to the east. A fully operational European Monetary Union does not come, however, with a guarantee of success. There is one enormous problem: This union creates a single monetary policy for group of quite different national economies that often experience divergent business-cycle patterns.
As long as business-cycle conditions differ significantly among European Monetary Union countries, there is no way for the central bank’s policies to avoid creating serious problems for some members. The patterns of economic ups and downs remain far more diverse in the European Monetary Union countries, and it is no
A. The Importance of the European Monetary Union.
B. The Present Situation of-the European Monetary Union.
C. The Introduction of the European Monetary Union.
D. What is the European Monetary Union

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