How do all the automatic adjustment mechanisms operate together to correct a deficit in a nation 's balance of payments under a fixed or managed exchange rate system when the nation operates at less than full employment What is the disadvantage of each automatic adjustment mechanism

Question: How do all the automatic adjustment mechanisms operate together to correct a deficit in a nation's balance of payments under a fixed or managed exchange

How do all the automatic adjustment mechanisms operate together to correct a deficit in a nation's balance of payments under a fixed or managed system when the nation operates at less than full employment? What is the disadvantage of each automatic adjustment mechanism?

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