Economics · Balance of Payments

The appropriate expenditure-switching policy to correct a deficit in the balance of payments is:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Contractionary fiscal policy
2Contractionary monetary policy
3Devaluation✓
4Revaluation

Correct answer

Devaluation

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The appropriate expenditure-switching policy to correct a deficit in the balance of payments is:

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