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Which of the following is likely to occur in the quantity adjustment phase of the J-Curve adjustment path? Both imports and exports become relatively more
Which of the following is likely to occur in the quantity adjustment phase of the J-Curve adjustment path?
Both imports and exports become relatively more expensive. | ||
Both imports and exports become relatively less expensive. | ||
The balance of trade gets worse. | ||
Imports become relatively more expensive, and exports become relatively less expensive. | ||
None of the above
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