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The main difference between a flexible and a fixed exchange rate system is that the flexible ...

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The main difference between a flexible and a fixed exchange rate system is that the flexible ...

The main difference between a flexible and a fixed exchange rate system is that the flexible exchange rate ________.

▸ varies constantly, while the fixed exchange rate is never constant

▸ can sometimes be constant, but the fixed exchange rate is never constant

▸ can sometimes be constant, but the fixed exchange rate is always constant

▸ varies constantly, while the fixed exchange rate is always constant

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Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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This helped my grade so much Perfect

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