According to Oatley,governments' Reluctance to Alter Macroeconomic Policies in Order

question 15

Multiple Choice

According to Oatley,governments' reluctance to alter macroeconomic policies in order to reduce current-account imbalances ultimately sparked

• A) the decision to return to fixed exchange rates.
• B) the decision to use floating exchange rates.
• C) the great financial crisis of 2007-2009.
• D) a glut of US manufacturing exports.
• E) China's policy of pegging the renminbi (RMB) to the dollar.

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