The rapid depreciation in the dollar from 1985 to 1987 caused net exports during this period
A) to rise as the J curve would have predicted, but with a short lag (less than one year).
B) to rise as the J curve would have predicted, but with a long lag (more than one year).
C) to fall as the J curve would have predicted, but with a short lag (less than one year).
D) to fall as the J curve would have predicted, but with a long lag (more than one year).
B
Economics
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A) inefficient; arises B) inefficient; disappears C) efficient; arises D) efficient; disappears E) nonexistent; arises
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