How can a large balance-of-payments surplus contribute to the countrys inflation rate?

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How can a large balance-of-payments surplus contribute to the country’s inflation rate?

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:32 AM

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How can a large balance-of-payments surplus contribute to the countrys inflation rate?

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A large balanceofpayments surplus may require a country to finance the surplus b...View the full answer

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