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12. By fixing the exchange rate against an anchor currency (such as the US$ or the ), the central bank of an emerging economy country
12. By fixing the exchange rate against an anchor currency (such as the US$ or the ), the central bank of an emerging economy country gives up its ability to a. influence the economy through monetary policy. b. adjust taxes. c. increase government spending. d. influence the economy through fiscal policy
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Microeconomics
Authors: Robert Pindyck, Daniel Rubinfeld
8th edition
978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123
