Which of the Following Is Not a Criticism of Flexible

question 80

Multiple Choice

Which of the following is not a criticism of flexible exchange rates?

• A)All of the following.
• B)They are volatile, which increases risks for importers and exporters.
• C)They could affect employment and increase demand for trade restrictions.
• D)They do not allow for discretionary monetary policy.
• E)They allow central banks to follow expansionary monetary policies.

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Definitions:

Necessary

Required to be done, achieved, or present; needed; essential.

Sufficient Features

Characteristics or aspects of something that are enough to define, categorize, or identify it distinctly.

ACT Models

Refers to a family of cognitive models, including the Adaptive Control of Thought, which aim to explain how humans think, learn, and solve problems.

Procedural Knowledge

Knowledge of how to perform certain tasks, often expressed as skills and abilities, as opposed to knowing that something is the case (declarative knowledge).