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Question
The architects of the Bretton Woods agreement built limited flexibility into the fixed exchange rate system in order to:
A. avoid high unemployment.
B. facilitate competitive currency devaluations.
C. widen balance-of-payments gap between countries.
D. increase money supply and thereby price inflation.
E. avoid balance-of-trade equilibrium between countries.
Answer
This answer is hidden. It contains 438 characters.
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