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Author Question: The J-curve effect refers to the observation that (Read 56 times)

karateprodigy

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 34.4 below to answer the question(s) that follow.








Refer to Figure 34.4. The demand and supply of pounds are 
S
1 and 
D
1. Which of the following can change the equilibrium exchange rate ($/pound) to $1.50 and the equilibrium quantity to 400 pounds?


◦ British purchases of U.S.-made cars increase
◦ United States purchases of British-made cars increase
◦ the price level in Great Britain decreases
◦ income in the United States decreases

Question 2

The J-curve effect refers to the observation that


◦ the trade balance usually gets worse before it improves after a currency depreciation.
◦ GDP usually decreases before it increases after a currency appreciation.
◦ the trade balance usually gets worse before it improves after a currency appreciation.
◦ GDP usually decreases before it increases after a currency depreciation.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by karateprodigy on Apr 19, 2019

sarahccccc

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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karateprodigy

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

diana chang

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Reply 3 on: Yesterday
Excellent

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