This is one of the merits in such an all-inorganic system while some conventional systems cannot follow the light power in general because of their internal or external rate-limiting processes in the complex structures.

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There is always a tension between having a common means of exchange, a useful and good thing, and having to have the same interest rate, the same external currency conversion rate, not necessarily a good thing.

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This is the value of an exchange-rate peg in an economy such as Hong Kong's: adjustment to external shocks takes place through changes to domestic prices, rather than through exchange-rate levels.

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The more rigid wages are, the greater the need for a flexible exchange rate to help the economy respond to an external shock.

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Nobis Works said it offers external support for individuals on the spectrum and reports an 84% retention rate, where employees stay longer than 90 days at their placement jobs.

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So far, despite a much weaker exchange rate this year, the UK has made little progress in addressing its external imbalances.

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As with an external deficit, adjustment to a related internal deficit is ultimately the same under any exchange rate regime.

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Milton Friedman and others reminded us decades ago that such internal adjustments necessary to reverse an external deficit were ultimately the same under a gold standard, flexible exchange rates, or some hybrid exchange rate regime.

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