international finance

11. International economic analysis characterizes the trade balance adjustment process as occurring in three stages in the following order: of Select one: O a. (1) The currency contract period, (2) the pass-through period, and (3) the quantity adjustment period. O b. (1) The currency contract period, (2) the quantity adjustment period, and (3) the pass- through period. O c. (1) The quantity adjustment period, (2) the pass-through period, and (3) the currency contract period. O d. (1) The pass-through period, (2) the currency contract period, and (3) the quantity adjustment period