30. The J-curve illustrates that, in response to a currency depreciation, the current account messured in domestic currency improves sharply in the short run because export and import decisions can immediately acjust to the now situation. measured in foreign currency improves sharply in the short run because export and import decisions can immediately adjust to the new situation. measured in foreign currency can deteriorate sharply in the short run because most export and import orders are placed several months in advance ameasured in domestic output umes can deteriorite- sharply in the short run because most export and Import orders are placed several months in advance