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8 Cards in this Set
- Front
- Back
International Balance
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The objective of full employment with price stability, usually a nations most important economic objective.
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External Balance
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The objective of equilibrium in a nation's balance of payments
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Expenditure-changing Policies
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Fiscal and monetary policies directed at changing the level of aggregate demand of the nation
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Expenditure-switching policies
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Devaluation or revaluation of a nations currency directed at switching the nations expenditures from foreign to domestic or from domestic to foreign goods.
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Direct Controls
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Tariffs, quotas, and other restrictions on the flow of international trade and capital
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Trade Controls
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Tariffs, quotas, advance deposits on imports, and other restrictions imposed by a nation on international trade.
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Exchange Controls
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Restrictions on international capital flows, official intervention in forward markets, multiple exchange rates, and other financial and monetary restrictions imposed by a nation
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Multiple Exchange Rates
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The different exchange rates often enforced by developing nations for each class of imports depending on the usefulness of the various imports as determined by the gov.
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