How does a fixed exchange rate system in general adjust, International Economics

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How does a fixed exchange rate system in general adjust

Problem

How does a flexible exchange rate system in general adjust balance-of-payments disequilibria? How does a fixed exchange rate system in general adjust balance-of-payments disequilibria? Why is the choice between these two basic types of adjustment systems important?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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