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Such policies can be seen as metaphorical warfare against those who have monetary assets in favor of those who do not, but unless the effects of rising inflation on international trade are offset by a devaluation, inflationary policies tend to make a country's exports less competitive against foreign countries.
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President Dwight D. Eisenhower, Council of Economic Advisors Chairman Raymond J. Saulnier, Secretary of the Treasury Robert B. Anderson, and Senate Majority Leader Lyndon B. Johnson were some of the important figures playing major roles in this effort.
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Effective budgeting is facilitated by effective understanding about the future transactions鈥?specific exchange rate and transaction period.
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