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Because Different Inflation/unemployment Trade-Offs Can Make It Very Difficult for a Fixed-Rate

Question 9

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Because different inflation/unemployment trade-offs can make it very difficult for a fixed-rate system to be maintained, how could the creators of the Bretton Woods system have thought that that system would provide for some autonomy in domestic macroeconomic policy? Explain.

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Answered by Quizplus AI

The creators of the Bretton Woods system...

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