Why do we observe deficits or surpluses under flexible rates, Macroeconomics

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Why do we observe deficits or surpluses under flexible rates

Problem

Why do we observe deficits or surpluses under "flexible" rates? Does this tell us something of the management of the 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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Macroeconomics: Why do we observe deficits or surpluses under flexible rates

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Macroeconomics: Why do we observe deficits or surpluses under flexible rates

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