Expenditure switching policy is also known as -------.

Question

Quizplus · Accepted Answer

Expenditure switching policy often involves devaluation, which is a deliberate downward adjustment of a country's currency value relative to another currency, group of currencies, or standard. This policy aims to make domestic goods and services cheaper for foreigners and foreign goods and services more expensive for domestic consumers, thereby switching expenditure from foreign to domestic products.

Expenditure Switching Policy Is Also Known as -------