If There Are No Reserves,domestic Adjustments to Payment Imbalances Under

question 40

True/False

If there are no reserves,domestic adjustments to payment imbalances under fixed exchange rates require surplus countries to forsake full employment and deficit countries to forsake price stability.
If there are no reserves,domestic adjustments to payment imbalances under fixed exchange rates require surplus countries to forsake price stability and deficit countries to forsake full employment.

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