Explain why a currency depreciation leads to an improvement in a countrys trade balance.

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Explain why a currency depreciation leads to an improvement in a country’s trade balance.

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Macroeconomics Principles And Policy

ISBN: 9780324586213

11th Edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Sep 01, 2012 02:49 AM

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Explain why a currency depreciation leads to an improvement in a countrys trade balance.

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When a countrys currency appreciates its exports becom...View the full answer

Macroeconomics Principles And Policy

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