Overshooting Is When Exchange Rates

question 81

Multiple Choice

Overshooting is when exchange rates:

• A) adjust more in the short run than they need to for long-run equilibrium.
• B) adjust less in the short run than they need to for long-run equilibrium.
• C) are unable to adjust because of fixed exchange rates.
• D) adjust at the same rate as prices.

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Definitions:

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