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Consider a small open economy with a wide array of trading partners all operating in different currencies. The economy's business cycles are not well synchronized with any of the world's largest economies and policymakers in this country have a well earned reputation for being fiscally prudent and honest. In your view, should this small open economy adopt a fixed exchange rate regime?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M945669

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