According to Oatley,governments' reluctance to alter macroeconomic policies in order to reduce current-account imbalances ultimately sparked
A) the decision to return to fixed exchange rates.
B) the decision to use floating exchange rates.
C) the great financial crisis of 2007-2009.
D) a glut of US manufacturing exports.
E) China's policy of pegging the renminbi (RMB) to the dollar.
Correct Answer:
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