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Chako Chako
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Posts: 2948
8 years ago
Advocates of flexible exchange rates claim that under flexible exchange rates, if the central bank faced unemployment
A) and wished to decrease its money supply, there now would be a legal barrier to the currency depreciation this would cause.
B) and wished to expand its money supply, there would no longer be any legal barrier to the currency appreciation this would cause.
C) and thus wished to decrease its money supply, there would no longer be any legal barrier to the currency depreciation this would cause.
D) and thus wished to expand its money supply, there would no longer be any legal barrier to the currency depreciation this would cause.
E) and wished to increase output, there would no longer be a legal barrier to the currency appreciation this would cause.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
Read 197 times
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machukianmachukian
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Posts: 2946
8 years ago
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Chako Author
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8 years ago
I doubted this website before I signed up. I regret not being a member earlier lol
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8 years ago
Don't forget to vote my answer as best Nerd Face
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