To correct a balance of payments deficit and unemployment a nation requires a:
A) devaluation and expansionary fiscal and monetary policies
B) devaluation and contractionary fiscal and monetary policies
C) devaluation and either expansionary or contractionary fiscal and monetary policies
D) revaluation and either expansionary or contractionary fiscal and monetary policies
Correct Answer:
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Q3: To correct a balance of payments deficit
Q4: To correct a balance of payments surplus
Q5: Direct controls refer to:
A)tariffs,quotas,and other quantitative restrictions
Q6: To correct a balance of payments deficit
Q7: The most important economic objective of industrial
Q9: Points below internal balance line YY in
Q10: If the BP curve is above the
Q11: To correct unemployment and a balance of
Q12: In a world of perfectly elastic international
Q13: In order to achieve internal and external
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