Economics · International Trade
Other things remaining equal, what is the immediate typical effect of currency devaluation on the domestic price level of imports within that nation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Domestic prices become highly volatile
- 2Domestic prices tend to rise✓
- 3Domestic prices remain unchanged
- 4Domestic prices fall
Correct answer
Domestic prices tend to rise
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