Economics · Macroeconomics & Exchange Rates
What is the primary objective of the deliberate devaluation of a country's currency when used as a short-term macroeconomic stabilization measure?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To broaden the tax base and control inflation through monetary tightening
- 2To make exports cheaper and improve the trade balance✓
- 3To permanently alter the structural efficiency of the domestic industrial sector
- 4To increase the cost of exports and stimulate domestic consumption
Correct answer
To make exports cheaper and improve the trade balance
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