Devaluation will be more effective when
(i) International capital is freely mobile
(ii) International capital is not freely mobile
(iii) Marginal propensity to import is high
Which of the above statements is/are correct?
Choose the correct answer from the code given below :
1
Only (ii)
2
Only (iii)
3
(i) and (iii)
4
(ii) and (iii)