Fixed exchange rates restrict macroeconomic policy more than flexible exchange rates.

Name: Fixed exchange rates restrict macroeconomic policy more than flexible exchange rates.
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Fixed exchange rates limit a country's ability to use monetary policy to adjust economic conditions because the central bank must maintain the exchange rate by controlling interest rates and currency supply, whereas flexible exchange rates allow for more autonomous monetary policy adjustments.

Fixed Exchange Rates Restrict Macroeconomic Policy More Than Flexible Exchange