In the international monetary politics of the 1980s among the advanced industrial countries there were many disagreements because of the impact of domestic politics on macroeconomic policymaking.Essentially,according to Oatley,it came down to
A) the US wanting greater openness to American exports while these countries wanted the US to reduce its budget deficits.
B) the US wanting countries with trade surpluses to revalue their currency to make their exports more expensive while these countries wanted the US to reduce its budget deficits.
C) the US wanting burden of adjustment to be borne by countries with trade surpluses while these countries wanted the US to reduce its budget deficits.
D) the US being willing to reduce its budget deficits but Germany was unwilling to lower interest rates.
E) the US being willing to reduce its budget deficits but Japan was unwilling to be more open to US agricultural exports.
Correct Answer:
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