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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 real 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 flexible exchange rates.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
Author:
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karmarkarmar
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6 years ago
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smitch6 Author
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6 years ago
You make an excellent tutor!
SlimyPencil
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Yesterday
Good timing, thanks!
vanna2014
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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