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Question
Under the Bretton Woods system, if a country developed a permanent deficit in its balance of trade that could not be corrected by domestic policy, this would require the:A.country to import more than it exports.
B.country to make its exports more expensive.
C.International Monetary Fund to agree to a currency devaluation.
D.government to expand monetary supply in the economy.
E.government to undertake activities that led to exchange rate appreciation.
Answer
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