Can the economy experience a demand- pull infl ation and a recession at the same time? “The Fed should do everything it can to eliminate infl ation.” Argue that fi xed exchange rates are preferable to...

Can the economy experience a demand- pull infl ation and a recession at the same time? “The Fed should do everything it can to eliminate infl ation.”

Argue that fi xed exchange rates are preferable to fl exible exchange rates. Then present the opposite argument.