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What is a cyclical disequilibrium?

Updated: 12/3/2022
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Q: What is a cyclical disequilibrium?
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What are the types of disequilibrium in bop?

There are 3 types of disequilibrium's in balance of payments:- 1) cyclical disequilibrium 2) secular disequilibrium 3) structural disequilibrium structural disequilibrium at:-a) goods level b) at factors level


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