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Chako Chako
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Posts: 2948
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8 years ago
A country that joins an exchange rate area
A) gives up its ability to use the exchange rate for the purpose of stabilizing output and employment.
B) does not gives up its ability to use only monetary policy for the purpose of stabilizing output and employment.
C) gives up its ability to use the exchange rate and monetary policy for the purpose of stabilizing output and employment.
D) does not give up its ability to use the exchange rate and monetary policy for the purpose of stabilizing output and employment.
E) gives up its ability to use only monetary policy for the purpose of stabilizing output and employment.
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
Makes a lot of sense, and you're right.. I appreciate the input
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#3
7 years ago
Don't forget to vote my answer as best Nerd Face
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