Economics · Macroeconomics
Which of the following is an immediate direct effect of domestic currency devaluation, assuming other factors remain constant?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It has no impact on international trade balance
- 2It makes exports cheaper abroad and increases exports✓
- 3It immediately decreases domestic inflation
- 4It makes imports cheaper and increases imports
Correct answer
It makes exports cheaper abroad and increases exports
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