Cyclical disequlibrium in BOP occurs because of
A. Different paths of business cycle.
B. The income elasticity of demand or price elasticity of demand is different.
C. long – run changes in an economy
D. Both (a) and (b).
Answer:D
Cyclical disequlibrium in BOP occurs because of
A. Different paths of business cycle. B. The income elasticity of demand or price elasticity of demand is different. C. long – run changes in an economy D. Both (a) and (b).