18. Milton Friedman argued in Capitalism and Freedom thatO Flexible Exchange Rates would lead to persistent USA trade deficitsFlexible Exchange Rates would lead to persistent USA trade surplusesFlexible Exchange rates would topple the Soviet UnionO Flexible Exchange Rates would balance trade between nations, ignoring capital flow and transfers

Friedman was a supporter of flexible exchange rate. In that book he argued that flexible exchange…

18. Milton Friedman argued in Capitalism and Freedom that O Flexible Exchange Rates would lead to persistent USA trade deficits O Flexible Exchange Rates would lead to persistent USA trade surpluses O Flexible Exchange rates would topple the Soviet Union O Flexible Exchange Rates would balance trade between nations, ignoring capital flow and transfers

18. Milton Friedman argued in Capitalism and Freedom that O Flexible Exchange Rates would lead to persistent USA trade deficits O Flexible Exchange Rates would lead to persistent USA trade surpluses O Flexible Exchange rates would topple the Soviet Union O Flexible Exchange Rates would balance trade between nations, ignoring capital flow and transfers

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter32: A Macroeconomic Theory Of The Open Economy

Section: Chapter Questions

Problem 3QR

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Similar questions

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