According to the MarshallLerner condition, for a devaluation to have a positive eff ect on a countrys

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According to the Marshall–Lerner condition, for a devaluation to have a positive eff ect on a country’s balance of payments, the sum of the absolute values of the elasticity of demand for its exports and imports should be greater than one.

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Managerial Economics

ISBN: 9788131775622

1st Edition

Authors: Vanita Agarwal

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Question Posted: Nov 07, 2024 04:00 AM

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According to the MarshallLerner condition, for a devaluation to have a positive eff ect on a countrys

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Managerial Economics

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