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What condition must hold for a depreciation to improve the current account?

A

Price elasticities of demand for exports and imports together are below 1.

B

Price elasticities of demand for exports and imports together exceed 1.

C

Price elasticities of demand for exports and imports together equal exactly 1.

D

Price elasticities of demand for exports and imports together equal 0.

Card 1 of 27

11.2.5 the effects of changing exchange rates on the external economy using Marshall-Lerner and J curve analysis Flashcards

  1. Intl A Level
  2. /Economics
  3. /11.2.5 the effects of changing exchange rates on the external economy using Marshall-Lerner and J curve analysis

27 flashcards on CIE Intl A Level Economics 11.2.5 the effects of changing exchange rates on the external economy using Marshall-Lerner and J curve analysis: the key terms and definitions you need to recall.

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