Each answer to my questions should be in at least 350 words, totaling 700 words for both answers.

You are required to provide in-text citations and references in the 6th edition of the APA writing format.

1. 1. 1. What is the society-centered approach to monetary and exchange-rate policies and how does it relate to distributional consequences? Discuss by using examples.
      2. What is the idea behind the trade-off between domestic autonomy and exchange-rate stability? Why do states prefer one over the other? Be specific in your discussion
      3. Prior to the 1920s, states emphasized exchange-rate stability over domestic autonomy. This approach shifted after the 1920s. According to the textbook, what factors contributed to this change? Be specific in your explanation.
      4. What are the three society-centered models of monetary and exchange-rate policies? Be specific in your discussion.
      5. What are the differences between the society-centered approach and the state-centered approach to monetary and exchange-rate policies? Discuss also potential ethical implications involving both approaches.
      6. What are some major arguments of the state-centered approach to monetary and exchange-rate policies, including the one about unemployment? Discuss also potential ethical implications involving this approach.