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Hello, under Marshall-Lerner condition, Does devaluation of the nominal exchange rate on the trade balance have effect in relation to the concept of price and
Hello,
under Marshall-Lerner condition, Does devaluation of the nominal exchange rate on the trade balance have effect in relation to the concept of price and volume effect?
How about on imports and exports in the case of infinitely elasticity?
best regards,
M.Dee
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