The balance-of-payments adjustment mechanism developed during the 1700s by the English economist David Hume is the:
A) Income-adjustment mechanism
B) Flexible-exchange-rate-adjustment mechanism
C) Price-adjustment mechanism
D) Rank-reserve-adjustment mechanism
Correct Answer:
Verified
Q1: The monetary approach to balance-of-payments adjustments suggests
Q2: Exhibit 13.1
Assume the marginal propensity to consume
Q4: Suppose the United States levies an interest
Q5: Under the gold standard,a surplus nation facing
Q6: Assume that Canada initially faces payments equilibrium
Q7: Exhibit 13.1
Assume the marginal propensity to consume
Q8: The monetary approach to balance-of-payments adjustments suggests
Q9: Assume that Canada initially faces payments equilibrium
Q10: Assume that interest rates on comparable securities
Q11: Exhibit 13.1
Assume the marginal propensity to consume
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