During the second half of the 1980s, the United States depreciated the dollar in hopes that it

Question:

During the second half of the 1980s, the United States depreciated the dollar in hopes that it would reduce the current account deficit. After a year, the deficit was actually larger and newspaper editorialists were writing columns claiming that there is no link between the and the current account. Explain why they got this wrong.
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...