Which of the following is true with respect to the monetary approach to the balance of payments?
A. A balance of payments deficit results from an excess supply of money in the nation.
B. A balance of payments surplus results from an excess demand for money.
C. Balance of payments disequilibrium are automatically corrected in the long run.
D. All the above
Answer:D
Which of the following is true with respect to the monetary approach to the balance of payments?
A. A balance of payments deficit results from an excess supply of money in the nation. B. A balance of payments surplus results from an excess demand for money. C. Balance of payments disequilibrium are automatically corrected in the long run. D. All the above