The Proponents of Fixed Exchange Rates Argue That Flexible Exchange

question 59

Multiple Choice

The proponents of fixed exchange rates argue that flexible exchange rates

• A) hamper international trade because of uncertainty over what the exchange rate will be.
• B) force a nation to use its domestic macroeconomic policies to maintain an exchange rate.
• C) lead to trade protectionism.
• D) a and b
• E) a,b,and c

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Definitions:

Carl Rogers

An influential American psychologist who founded the humanistic approach to psychology, emphasizing the importance of self-actualization and the client-centered therapy.

Personality Development

Refers to the pattern of thoughts, feelings, social adjustments, and behaviors consistently exhibited over time that strongly influences one's expectations, self-perceptions, values, and attitudes.

Unconditional Positive Regard

A concept in client-centered therapy where the therapist accepts and supports the client without judgment or conditions.

Rollo May

An American existential psychologist known for his works on the existential theory and the human condition.