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According to the Marshall-Lerner condition, the impact of a Home currency depreciation on its trade balance depends on the Group of answer choices relative changes

According to the Marshall-Lerner condition, the impact of a Home currency depreciation on its trade balance depends on the Group of answer choices relative changes in trade volume from expenditure switching and changes in prices caused by the exchange rate change. relative changes in prices in the Home and Foreign countries caused by the exchange rate relative changes in the exchange rate and changes in prices caused by the exchange rate change relative changes in prices of exports and imports caused by the exchange rate

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