7. You observe that a country's currency depreciates but its current account worsens at the same time.

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7. You observe that a country's currency depreciates but its current account worsens at the same time. What data might you look at to decide whether you are witnessing a J-curve effect? What other macroeconomic change might bring about a currency depreciation coupled with a deterioration of the current account, even if there is no J-curve?

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