1. What are the most important instruments of international economic policy? Check all that apply. A....

1. What are the most important instruments of international economic policy? Check all that apply.

A. External balance

B. Income-changing instruments

C. Expenditure-changing instruments

D. Expenditure-switching instruments

2. Evaluate the following statement about expenditure-changing and expenditure-switching policies.

An expenditure-changing policy induces changes in aggregate demand, via fiscal policy or monetary policy, whereas an expenditure-switching policy diverts expenditures away from foreign goods to domestic goods.

A. True

B. False

Which of the following are examples of an expenditure-changing policy? Check all that apply.

A. Currency devaluation

B. Fiscal policy

C. Monetary policy

D. Import barriers

Solutions

Expert Solution

Rahul Sunny answered 8 months ago

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