Under a fixed exchange rate system, _ is an exogenous policy target, whereas under a flexible exchange rate system, _ is an endogenous variable determination.

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Economics · International Economics

Under a fixed exchange rate system, _ is an exogenous policy target, whereas under a flexible exchange rate system, _ is an endogenous variable determination.

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the interest rate; the exchange rate

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the exchange rate; the exchange rate

Under a fixed exchange rate system, _ is an exogenous policy target, whereas under a flexible exchange rate system, _ is an endogenous variable determination.

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Under a fixed exchange rate system, _________ is an exogenous policy target, whereas under a flexible exchange rate system, _________ is an endogenous variable determination.

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Under a fixed exchange rate system, _ is an exogenous policy target, whereas under a flexible exchange rate system, _ is an endogenous variable determination.