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    Exam 19: Open-Economy Macroeconomics: the Balance of Payments and Exchange Rates
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    Under the Bretton Woods System, Countries Experiencing Large and Persistent
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Under the Bretton Woods System, Countries Experiencing Large and Persistent

Question 98

Question 98

Multiple Choice

Under the Bretton Woods system, countries experiencing large and persistent current account deficits were obliged to


A) devalue their currencies.
B) revalue their currencies.
C) expand their economies.
D) lower their prices.

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