Economic experience since 1973 indicate that, under floating exchange rates, symmetry
A) was not attained.
B) was attained almost immediately.
C) was attained over time as central banks held more U.S. dollars as a reserve currency.
D) has been difficult to measure and no consensus has emerged.
E) has been attained in foreign countries, but not domestically.
Question 2
Economic theory and experience since 1973 indicate that, under floating exchange rates, a country's fiscal and monetary policies in the short-run and the long-run can
A) have both domestic and foreign economic impact.
B) have domestic or foreign economic impact, but not both.
C) have domestic but not foreign economic impact.
D) have foreign but not domestic economic impact.
E) have neither domestic nor foreign economic impact.
