J. The J-curve illustrates the long-term effects of depreciation on the current account. [diagram
required] K. The Marshall-Lerner condition holds that a country's current account balance will
improve in response to a real depreciation in a nation's currency if sum of the price elasticities of
export and import demand exceeds 1. L. Fiscal policy affects employment more under flexible than
under fixed exchange rate regimes [diagram required]. M. The expectation of future devaluation
causes a balance of payments crisis marked by a sharp fall in reserves and a rise in the home
interest rate above the world interest rate..
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
J The Jcurve illustrates the longterm effects of deprecia.pdf
1. J. The J-curve illustrates the long-term effects of depreciation on the current account. [diagram
required] K. The Marshall-Lerner condition holds that a country's current account balance will
improve in response to a real depreciation in a nation's currency if sum of the price elasticities of
export and import demand exceeds 1. L. Fiscal policy affects employment more under flexible than
under fixed exchange rate regimes [diagram required]. M. The expectation of future devaluation
causes a balance of payments crisis marked by a sharp fall in reserves and a rise in the home
interest rate above the world interest rate.
![J. The J-curve illustrates the long-term effects of depreciation on the current account. [diagram
required] K. The Marshall-Lerner condition holds that a country's current account balance will
improve in response to a real depreciation in a nation's currency if sum of the price elasticities of
export and import demand exceeds 1. L. Fiscal policy affects employment more under flexible than
under fixed exchange rate regimes [diagram required]. M. The expectation of future devaluation
causes a balance of payments crisis marked by a sharp fall in reserves and a rise in the home
interest rate above the world interest rate.](https://image.slidesharecdn.com/jthejcurveillustratesthelongtermeffectsofdeprecia-230321170007-42e70eb8/85/J-The-Jcurve-illustrates-the-longterm-effects-of-deprecia-pdf-1-320.jpg)
