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Question
For several years before the crisis of 2007-2009, people in U.S. business and government called for China to move away from its fixed-exchange rate regime because:A. its pegged value was far below purchasing power parity estimates.
B. its pegged value was far above purchasing power parity estimates.
C. it was adding to China's current account deficit.
D. it was exporting its inflation to the United States.
Answer
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