To Correct a Balance of Payments Deficit and Inflation a Nation

question 10

Multiple Choice

To correct a balance of payments deficit and inflation a nation requires:

• A)contractionary fiscal policy and easy monetary policy
• B)contractionary fiscal policy and tight monetary policy
• C)expansionary fiscal policy and tight monetary policy
• D)any of the above depending on the level of inflation and the size of the initial deficit

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Definitions:

German Philosophers

Intellectuals from Germany who have made significant contributions to philosophy, often associated with movements such as idealism, existentialism, and phenomenology.

Comedies

Works of literature, theater, or cinema that are intended to be humorous and entertain by highlighting the absurdities or peculiarities of life.

Work of Art

An artifact or performance that has been created with artistic intent, often appreciated for its beauty or emotional power.

Sanskrit

An ancient Indic language of India, in which the Hindu scriptures and classical Indian epic poems are written and from which many northern Indian languages are derived.