In Theory, Business Cycles Are __________ Likely to Be Transmitted

Multiple Choice

In theory, business cycles are __________ likely to be transmitted from one country to another under a system of fixed exchange rates than under a system of flexible exchange rates. It is also a generally-accepted theoretical result by economists that monetary policy is __________ useful for dampening business cycle activity under a system of fixed exchange rates than under a system of flexible exchange rates.

A) more; more
B) more; less
C) less; more
D) less; less