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Home Q & A Board Other Fields Homework Help Business Economics
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Chako Chako
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8 years ago
The credibility theory of EMS had as an effect
A) the inflation rates of member countries failing to converge to the low German levels.
B) the inflation rates of member countries converging to the low German levels, but other countries including U.S. and Britain also reduced inflation in this time period without fixing exchange rates.
C) the inflation rate in the U.S. dropped to the low German levels.
D) the inflation rate in Germany rose to match the inflation rates of other member countries.
E) the inflation rates of member countries converging to the low German levels, a result that was not matched by similar countries who did not fix their exchange rates.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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#1
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8 years ago
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Chako Author
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#2
8 years ago
Good answer, thank you
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#3
7 years ago
Don't forget to vote my answer as best Nerd Face
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