Cyclical disequilibrium 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 disequilibrium 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)