Advocates of floating rate suggested it is favorable for economies for the following reasons except Question 9 options: A) it brings the LR exchange rate to the level predicted by PPP without government policy decisions. B) it gives every country the opportunity to guide its own monetary conditions at home C) it discourages attack from foreign exchange speculators because of the fact that exchange rate adjustment is immediate. D) it automatically matches the domestic inflation with ongoing foreign inflation

Advocates of floating rate suggested it is favorable for economies for the following reasons except Question 9 options: A) it brings the LR exchange rate to the level predicted by PPP without government policy decisions. B) it gives every country the opportunity to guide its own monetary conditions at home C) it discourages attack from foreign exchange speculators because of the fact that exchange rate adjustment is immediate. D) it automatically matches the domestic inflation with ongoing foreign inflation

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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