The _____ effect suggests that speculations can sometimes be destabilizing as the actions of the int

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The _____ effect suggests that speculations can sometimes be destabilizing as the actions of the international investors move the exchange rate away from the long-run equilibrium value consistent with fundamental economic influences.

A.bandwagon

B.overshooting

C.exchange rate

D.arbitrage

参考答案:

答案:bandwagon