11. Why is a country limited in changing its money supply under a fixed-exchange-rate system? Explain how

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11. Why is a country limited in changing its money supply under a fixed-exchange-rate system? Explain how policy coordination among countries in a fixed-exchange-rate system can increase the degree to which monetary policy may be used to pursue macroeconomic goals.

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Macroeconomics

ISBN: 126164

8th Edition

Authors: Andrew B. Abel, Ben Bernanke, Dean Croushore

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