The Appropriate Expenditure-Switching Policy to Correct a Current Account Surplus

question 67

Multiple Choice

The appropriate expenditure-switching policy to correct a current account surplus is:

• A) Currency revaluation
• B) Currency devaluation
• C) Expansionary monetary policy
• D) Contractionary fiscal policy

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Definitions:

Socialism

A political and economic theory of social organization that advocates for the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

Market Regulations

Rules set by a governing authority to control and monitor the fairness and standardization of trade and business practices.

Cultural Hybrids

Entities or concepts that emerge from the blending or fusion of two or more different cultures, traditions, or ideas.

Cultural Imperialism

The dominance of one culture over another, often through media and global capitalism, leading to cultural homogenization.