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smitch6 smitch6
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6 years ago
If a country's central bank seeks to stabilize the price level and if nominal shocks from abroad are important, then
A) a flexible exchange rate is preferable to a fixed exchange rate.
B) flexible and fixed exchange rates are equivalent.
C) the central bank will not be able to realize its goal.
D) a fixed exchange rate is preferable to a flexible exchange rate.
E) the central bank should devalue under fixed exchange rates.
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Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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karmarkarmar
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smitch6 Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
kevin12323h
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Yesterday
Helped a lot
sadiewolf
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2 hours ago
Thanks for your help!!
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