When will a balance of payments deficit create the most demand-pull inflationary pressure in an economy with a floating exchange rate?

Economics

IGCSE&ALevel

CAIE

Exam No：9708_s25_qp_34 Year：2025 Question No：22

Answer:

11.2.5 the effects of changing exchange rates on the external economy using Marshall-Lerner and J curve analysis

2.2.1 definition of price elasticity, income elasticity and cross elasticity of demand (PED, YED, XED)

9.3.1 definition of full employment

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