A Common Argument for Fixed Exchange Rates Is That They

Multiple Choice

A common argument for fixed exchange rates is that they

A) give central banks greater freedom in adjusting their economy's level of output.
B) forever free the central bank from have to adjust the exchange rate to fundamental changes in the economy.
C) make trade more costly, and thus encourage domestic citizens to buy domestically produced output.
D) all of the above
E) none of the above