The monetary autonomy argument holds that
A) each country should be allowed to choose its own inflation rate.
B) inflation is beneficial to a country's economy and growth.
C) inflation is detrimental to a country's economy and growth.
D) countries should restrict inflation based on the global standards.

Question

Quizplus · Accepted Answer

Advocates of floating rates argue that each country should be allowed to choose its own inflation rate. This is called the monetary autonomy argument.

The Monetary Autonomy Argument Holds That