Most Economists Trace the Breakup of the Bretton Woods Fixed

question 27

Multiple Choice

Most economists trace the breakup of the Bretton Woods fixed exchange rate system,in 1973,to the:

• A)rise of communism in Eastern Europe.
• B)economic integration movement sweeping Western Europe.
• C)macroeconomic policy package in the U.S.during 1965 to 1968.
• D)increase in inflation and the worsening of the British foreign trade position.

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Definitions:

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief, behavior, or reasoning.

Group Leader

An individual who takes charge of steering a group's discussions and activities, ensuring goals and objectives are met efficiently.

Factors

Elements or conditions that contribute to a particular outcome or situation, influencing or determining results.

Social Integration

The process by which individuals or groups are integrated into the social structure, ensuring access to opportunities and resources.