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Define the following pairs of terms and explain the similarity, difference or relationship between the terms: Expenditure changing...

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Finance

Define the following pairs of terms and explain thesimilarity, difference or relationship between theterms:

  • Expenditure changing and switching policies

  • Gold standard and gold exchange standard

Answer & Explanation Solved by verified expert
4.0 Ratings (615 Votes)
Expenditure changing policy influence income and employment for equating domestic expenditure or absorption and production and assumes the form of fiscal or monetary policy Expenditure switching refers to a macroeconomic policy that impacts the constitution of a countrys expenditure on international and national goods It is a policy to balance a countrys current account by modifying the constitution of expenditures on foreign and domestic goods Expenditure changing and switching policies play    See Answer
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Transcribed Image Text

Define the following pairs of terms and explain thesimilarity, difference or relationship between theterms:Expenditure changing and switching policiesGold standard and gold exchange standard

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