Answered

Frieden states, "economic policy changed because politics changed." What economic policies is he referring to? What political change generated these policy changes?

Answer :

Answer:

The answer is Exchange rate policy.

Explanation:

Exchange rate policy is crucial to the international economy. Economic analysts recognize this, and recognize that currency policy is highly political, this can also be said that judging from macroeconomic policy from the standpoint of a representative agent, however politics is not made by representative agents but rather by representative of powerful groups in society, of voters, or of political parties.

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