Economics · Macroeconomics
What is a typical intended effect of the devaluation of a currency under standard economic assumptions?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Increase imports
- 2Reduce exports
- 3Improve the trade balance in the long run✓
- 4Cause deflation in the domestic economy
Correct answer
Improve the trade balance in the long run
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