if the global economy adhered to a fixed exchange rate then

Last updated: 2/28/2023

if the global economy adhered to a fixed exchange rate then OI O 1 11 OI III O I II III if inflation was very high in the United States and other countries were not experiencing inflation our dollars could buy more foreign goods if inflation was very high in the United States and other countries were not experiencing inflation American goods would be cheap for foreign buyers the United States would import more goods than it would export