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tarasen57 tarasen57
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4 years ago
Under fixed exchange rates balance of payments problems will NOT be caused by

▸ faster growth.

▸ improvement in the terms of trade.

▸ higher inflation in this country than in other countries.

▸ the income elasticity of demand for imports being higher than the income elasticity of demand for exports.
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Essential Economics for Business

Essential Economics for Business


Edition: 5th
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rand22rand22
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4 years ago
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Thank you, thank you, thank you!
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Smart ... Thanks!
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