10 19. Under a fixed exchange-rate system and high capital mobility,...
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Accounting
10 
19. Under a fixed exchange-rate system and high capital mobility, a contractionary liscal poticy leads to a: a. Trade-itccount deficit and a capital-iccount surplus b. Trade-account deficit and a capital-account deficit c. Tride-account surplus and a capital-account surplus d. Trade-account surplus and a capital-account deficit 20. The appropriate expenditure-switching policy to correct a current account sumplus is: a. Currency revaluation b. Currency devaluation c. Expansionary monetary policy d. Contractionary fiscal policy
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