How does a deficit or a surplus in the nations balance, International Economics

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How does a deficit or a surplus in the nations balance

Problem

How does a deficit or a surplus in the nation's balance of payments arise according to the monetary approach? Why do nations lose control over their money supply in the long run under fixed exchange rates?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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International Economics: How does a deficit or a surplus in the nations balance

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International Economics: How does a deficit or a surplus in the nations balance

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