According to the Monetary Approach to the Balance of Payments,a

question 5

Multiple Choice

According to the monetary approach to the balance of payments,a surplus nation will have to give up in the long-run its goal of:

• A)price stability
• B)fixed exchange rate
• C)price stability or fixed exchange rate
• D)price stability and fixed exchange rate

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Definitions:

Shrinking PC Market

A trend indicating a decline in the demand or sales of personal computers, often due to shifts toward mobile devices or other technologies.

Smartphone Markets

A sector of the technology industry focused on the production, distribution, and sale of smartphones, characterized by rapid innovation and competition.

Tablet Markets

The sector or industry dedicated to the manufacturing, distribution, and sale of tablet computers.

Homogeneous Oligopolists

Firms within an oligopoly market structure that offer products or services that are very similar, making them close substitutes for each other.