Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Munze Munze
wrote...
Go to Answer
Posts: 996
Rep: 0 0
6 years ago
Which of the following is an argument of opponents of devaluations?
A) devaluations cause relatively slow adjustments.
B) participants in foreign exchange markets have a short memory: if the expected devaluation doesn't occur within a short time-period, they will stop expecting it.
C) a devaluation causes a nation with fixed exchange rates to lose credibility in the medium run, driving its interest rate higher.
D) all of the above
E) none of the above
Textbook 
Macroeconomics

Macroeconomics


Edition: 6th
Authors:
Read 36 times
1 Reply
Macroeconomics, 6/E (Blanchard, Johnson)
Replies
Answer verified by a subject expert
legendvpnlegendvpn
wrote...
#1
Top Poster
Posts: 686
Rep: 13 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Munze Author
wrote...

6 years ago
Good timing, thanks!
brina10
wrote...

Yesterday
You make an excellent tutor!
dearsophia21
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1386 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 247
  
 4429
  
 260
Your Opinion
How often do you eat-out per week?
Votes: 79
Previous poll results: Who's your favorite biologist?