Economics · International Trade

Which concept describes the short-term deterioration and long-term improvement in the balance of payments following a devaluation?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Substitution Effect
2J-Curve Effect✓
3Income Effect
4Price Effect

Correct answer

J-Curve Effect

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Which concept describes the short-term deterioration and long-term improvement in the balance of payments following a devaluation?

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Which concept describes the short-term deterioration and long-term improvement in the balance of payments following a devaluation?

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