How does an expenditure-reducing policy improve the current account?
A
Expenditure-reducing policies lower total demand, reducing spending on imports.
B
Expenditure-reducing policies raise total demand, increasing spending on exports.
C
Expenditure-reducing policies increase imports by making foreign goods more competitive.
D
Expenditure-reducing policies lower interest rates, increasing investment in exports.
6.5.2 effect of fiscal, monetary, supply-side and protectionist policies on the current account Flashcards
22 flashcards on CIE Intl A Level Economics 6.5.2 effect of fiscal, monetary, supply-side and protectionist policies on the current account: the key terms and definitions you need to recall.