To Correct a Balance of Payments Surplus and Inflation a Nation

question 13

Multiple Choice

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

• A)devaluation and expansionary fiscal and monetary policies
• B)devaluation and contractionary fiscal and monetary policies
• C)devaluation and either expansionary or contractionary fiscal and monetary policies
• D)revaluation and either expansionary or contractionary fiscal and monetary policies

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Definitions:

Political Behavior

Actions and maneuvers individuals or groups engage in within an organization to gain power, influence decisions, or achieve personal goals.

Autocratic Decision

A decision-making process where the leader makes decisions unilaterally without consulting others, often associated with a top-down approach.

Clear Goals

Well-defined, specific, and achievable objectives that guide actions and decision-making processes.

Ingratiation Tactic

A strategy where an individual attempts to influence another person by becoming more likeable to them, often through flattery or other forms of positive manipulation.