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Munze Munze
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7 years ago
Which of the following is an argument of opponents of devaluations?
A) devaluations cause relatively slow adjustments.
B) participants in foreign exchange markets have a short memory: if the expected devaluation doesn't occur within a short time-period, they will stop expecting it.
C) a devaluation causes a nation with fixed exchange rates to lose credibility in the medium run, driving its interest rate higher.
D) all of the above
E) none of the above
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Macroeconomics

Macroeconomics


Edition: 6th
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Macroeconomics, 6/E (Blanchard, Johnson)
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legendvpnlegendvpn
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