Abstract
In the previous two chapters we have seen that, where the exchange rate is fixed, balance of payments equilibrium can be achieved through variations in the economy’s level of income. Such variations, however, may be undesirable because they conflict with a full employment policy.
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© 1973 J. Harvey and Janet Johnson
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Harvey, J., Johnson, M. (1973). Balance of Payments Adjustment by Expenditure Switching. In: Introduction to Macro-Economics: A Workbook. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-01871-0_18
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DOI: https://doi.org/10.1007/978-1-349-01871-0_18
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-01873-4
Online ISBN: 978-1-349-01871-0
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