Income-Induced Adjustment Process of Balance of Payments | BOP Adjustment Explained Simply
1:00
YouTubeECONOMIA
Income-Induced Adjustment Process of Balance of Payments | BOP Adjustment Explained Simply
Learn how national income changes help correct balance of payments (BOP) disequilibrium through the income-induced adjustment process. This video explains: The meaning and mechanism of income-induced adjustment How deficits and surpluses automatically balance over time The Keynesian theory behind this adjustment process Its key assumptions ...
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