"Even under flexible exchange rate regime, governments could not be indifferent to the behavior of exchange rates and inevitably surrendered some of their policy autonomy in other areas to prevent exchange rate movements they viewed as harmful to
their economies." Discuss.
True. One example is Volcker in October 1979 decreasing the U.S. money supply to halt further weakening of the dollar.
Economics
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In the real world, how many people does it take to make a light bulb?
A) About five. One person will make the bulb, and four will watch over the person doing the work. B) Between ten and twenty C) Less than forty D) Millions
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Government programs that protect people experiencing unfavorable economic conditions
a. free enterprise b. traditional economy c. incentive d. safety net e. socialism
Economics