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Quiz
After World War II in 1945, when was "dollarshortage," economists thought that the dollar shortage might be apermanent phenomenon. This theory turned out to be wrong, as contrary to thetheory, the United States quickly lost its trade competitiveness. The more convincingtheory is that the reason the United States, as the country with global reservecurrency, lost its trade competitiveness is due to the structural reasons ofthis global reserve currency system. What is the name of this theory?
(10points, no points deducted for incorrect answers; if you don't remember thename, you can briefly describe the theory)
After World War II in 1945, when was "dollarshortage," economists thought that the dollar shortage might be apermanent phenomenon. This theory turned out to be wrong, as contrary to thetheory, the United States quickly lost its trade competitiveness. The more convincingtheory is that the reason the United States, as the country with global reservecurrency, lost its trade competitiveness is due to the structural reasons ofthis global reserve currency system. What is the name of this theory?
(10points, no points deducted for incorrect answers; if you don't remember thename, you can briefly describe the theory)
Triffin'sdilemma