Order the answer to: Suppose that there is an increase in national income in

Academic Help business economics Order the answer to: Suppose that there is an increase in national income in

business economics

Order the answer to: Suppose that there is an increase in national income in

Question Suppose that there is an increase in national income in a country. Under a fixed system, according to the monetary approach, will the country’s balance of payments (official reserve transactions balance) move toward surplus or toward deficit? Why? How would you modify your explanation (though not your conclusion) if you were using the balance approach in a fixed context?
Subject business economics
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