How is an exchange rate depreciation likely to affect imports and exports in the short run and over a longer period of time?
What will be an ideal response?
In the short run, the value of imports may increase, increasing the current account deficit. It may take many months before it causes exports to rise and imports to fall.
Economics
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Which one of the following goods can be considered a global commons?
a. A National Park b. A river c. An ocean d. A herd of deer e. A diamond mine
Economics
Barriers to entry reduce the likelihood that price-setter firms will see their positive economic profits competed away over time
Indicate whether the statement is true or false
Economics