Q553
If the sum of the elasticities of the exports and imports is less than one, any devaluation will further aggravate the deficit in the BOP. Who has given this view?
A.
Marshall and Lerner
AnswerB.
Harrod and Domar
C.
Solow and Swan
D.
Hickscher and Ohlin
Answer: Option A
Solution
Answer: Option A
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