Problem
What are the criticisms faced by the policy mix of using fiscal policy to achieve internal balance and monetary policy to achieve external balance? What happens when the additional objectives of price stability and growth are recognized as separate goals?
What is meant by direct controls? trade controls? exchange controls? Explain how the most important forms of trade and exchange controls operate to affect the nation's balance of payments.
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.