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    International Economics Study Set 1
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    Exam 13: Mechanisms of International Adjustment
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    An "Automatic" Adjustment Mechanism Would Require a Trade-Surplus Nation to Accept
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An "Automatic" Adjustment Mechanism Would Require a Trade-Surplus Nation to Accept

Question 54

Question 54

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An "automatic" adjustment mechanism would require a trade-surplus nation to accept price deflation and/or falling income as the cost of increasing imports.

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