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Please answer the below questions. a) Evaluate the following three major approaches to analyzing the economic impact of currency depreciation: 1.The elasticities approach. 2.The absorption

Please answer the below questions.

a)Evaluate the following three major approaches to analyzing the economic impact of currency depreciation:

1.The elasticities approach.

2.The absorption approaches.

3.The monetary approach.

Note: Please support your answers with the proper referencing

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