How does the automatic income adjustment mechanism operate to bring about adjustment in a nation's balance of

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How does the automatic income adjustment mechanism operate to bring about adjustment in a nation's balance of payments? What are the variables that we hold constant to isolate the income adjustment mechanism?

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International Economics

ISBN: 978-1118955765

12th edition

Authors: Dominick Salvatore

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Question Posted: Oct 27, 2017 09:34 AM

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How does the automatic income adjustment mechanism operate to bring about adjustment in a nation's balance of

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The automatic income adjustment mechanism represents application of Keynesian economics to open econ...View the full answer

International Economics

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