During the 1960s the U.S.attempted to correct its balance of payments deficits by:
A)ad hoc measures
B)devaluing the dollar
C)deflating the economy
D)restricting imports

Question

Quizplus · Accepted Answer

Ad hoc measures were used by the U.S. during the 1960s to address balance of payments deficits, including policies aimed at encouraging exports and discouraging imports without resorting to devaluation or significant import restrictions.