If Most of the Shocks That Buffet the Economy Come

question 39

Multiple Choice

If most of the shocks that buffet the economy come from the output market shocks, then

• A) fixed exchange rates are better than flexible exchange rates.
• B) flexible exchange rates are better than fixed exchange rates.
• C) which system is chosen is not important.
• D) fixed exchange rates are better than flexible exchange rates only in the short run.
• E) flexible exchange rates are better than fixed exchange rates only in the short-run.

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