To Achieve External Balance Under a Fixed Exchange Rate System,what

question 43

Multiple Choice

To achieve external balance under a fixed exchange rate system,what policies should be used?

• A)Monetary policies
• B)Expenditure-switching policies
• C)Fiscal policies
• D)A combination of each of the above

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Definitions:

Clustering

The process of grouping a set of objects in such a way that objects in the same group are more similar to each other than to those in other groups.

Cultural Factors

Elements influenced by culture that affect individual behavior, beliefs, and social interactions within a society.

Personality

The combination of emotional, attitudinal, and behavioral response patterns of an individual that characterize them over time.

Conform

The act of matching attitudes, beliefs, and behaviors to group norms, expectations, or pressures.