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As an economy that trades with other economies, what would be the implications of a currency appreciation or depreciation of your domestic currency relative to

As an economy that trades with other economies, what would be the implications of a currency appreciation or depreciation of your domestic currency relative to these foreign countries when it comes to trade with said countries? Consider the answer or position you expressed in the previous question, and imagine yourself as a policy maker in the US, why may you be concerned with a deficit on the current account with China?

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