The Monetary Approach Contends That,under a Fixed Exchange Rate System,an

question 19

True/False

The monetary approach contends that,under a fixed exchange rate system,an excess demand for money leads to a trade deficit.

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Definitions:

Philippe Pinel

A French physician who was a pioneer in the development of a more humane psychological approach to the custody and care of psychiatric patients.

Moral Therapy

A psychological approach from the 19th century emphasizing humane treatment and moral discipline to rehabilitate mental illness, focusing on individual patient attention.

North America

A continent entirely within the Northern Hemisphere and almost all within the Western Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the east, the Pacific Ocean to the west, and South America and the Caribbean Sea to the south.

Mental Institution

A facility specialized in the treatment and care of individuals with mental health disorders.