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For countries with high inflation rates, joining the European Monetary System meant

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For countries with high inflation rates, joining the European Monetary System meant

For countries with high inflation rates, joining the European Monetary System meant
A) higher unemployment until they could lower their inflation rates sufficiently.
B) facing periodic upward adjustments in their exchange rate with the deutsche mark.
C) having to pursue loose monetary policy until they lowered the unemployment rate to the European average.
D) abandoning the fixed exchange rates they had preserved since the 1960s.

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Macroeconomics

Edition: 12^th

Author: Gordon

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