In theory with flexible exchange rates

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In theory with flexible exchange rates should allow countries to conduct ________ monetary and fiscal policies, exchange rates, but paradoxically the experience of the relatively flexible exchange rates of the 1970's suggests that such policies caused exchange rate ________.

A) coordinated; stable; instability

B) independent; stable; instability

C) managed; unstable; stability

D) targeted; unstable; stability

Reference no: EM13976890

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