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i. Discuss the impact of a fall in q on exports, imports, and the current account providing economic reasoning. ii. What does the data suggest
i. Discuss the impact of a fall in q on exports, imports, and the current account providing economic reasoning. ii. What does the data suggest regarding the impact over time (immediate impact vs. the short run impact) of a FALL in q on the CA? Egplain why_the_response is changing over time. Note you do not need to derive the MarshallLerner. You can draw the J-curve if it helps you answer the question, but it is not required
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