McqMate
Q. |
The effect of a depreciation of the domestic currency on the trade balance is likely to |
A. | increase it in the short and long runs. |
B. | decrease it in the short run and increase it in the long run. |
C. | decrease it in the short and long runs. |
D. | increase it in the short run and decrease it in the long run. |
Answer» B. decrease it in the short run and increase it in the long run. |
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