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The U.S. economy is experiencing large trade deficits. Suppose that the U.S. considers devaluing its dollar against a foreign currency to improve the trade balance.

The U.S. economy is experiencing large trade deficits. Suppose that the U.S. considers devaluing its dollar against a foreign currency to improve the trade balance. What type of currency contracting would improve the U.S. trade deficit? Explain 

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