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Title: Which one of the following is likely to lead to persistent balance of payments deficits under fixed ... Post by: gorgeous on May 19, 2020 Which one of the following is likely to lead to persistent balance of payments deficits under fixed exchange rates?
▸ A lower rate of growth at home than abroad ▸ The long-term development of import substitutes at home ▸ A growth in the country's monopoly power in the export market ▸ A lower income elasticity of demand for the country's exports than for its imports ▸ A higher rate of inflation abroad than in the domestic economy Title: Which one of the following is likely to lead to persistent balance of payments deficits under fixed ... Post by: Antoinette12 on May 19, 2020 Content hidden
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