Clear my choice Which of the following statements is true concerning managed float in the U.S. during the 1970s? Most economists believed that: Select one: a. The dollar would decline in value and needed to be managed upward b. The dollar would rise in value and needed to be managed downward C. The dollar's value would remain stable and needed no management d. The dollar itself would be replaced by a new international key currency Which of the following statements is true concerning pegged exchange rates? Select one: a. Pegged currency values do not have to be managed in the foreign exchange market b. Pegged rates may be difficult to maintain if underlying economic variables change dramatically c. Both of the above d. None of the above Next page 12