The collapse of the fixed exchange rate system has been traced to the:
QUESTION
The collapse of the fixed exchange rate system has been traced to the:
A. U.S. macroeconomic policy package of 1965-1968.
B. inflexibility of the fixed exchange rate system that led to high unemployment.
C. Marshall Plan, under which the United States lent money heavily to European nations.
D. failure of the International Monetary Fund to impose monetary discipline.
E. increased taxes in the United States to finance its welfare programs.
ANSWER
A
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