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VIEW ANSWER FOR PART FOUR :
The Price Adjustment Mechanisms with Flexible and Fixed Exchange Rates
a. larger is the devaluation or depreciation required to correct a deficit of a given size in the nation's balance of payments
*b. smaller is the devaluation or depreciation required to correct a deficit of a given size in the nation's balance of payments
c. less feasible is a flexible exchange rate system
d. less feasible is a devaluation as a policy to correct a deficit in the nation's balance of payments
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