A country at the beginning of a given period seeks to improve the current account of its balance of payments by devaluing its currency. The effect of this policy in the following two years is shown in the diagram.
Which of the following statements is likely to explain this performance?
1 )
The elasticity of demand for imports diminished after 12 months.
2 )
The domestic inflation rate fell after 12 months before having the desired result.
In the short run, the price elasticity of demand for exports and imports was very low.
4 )
The policy was ineffective and other factors must have led to an improvement in the current account.
تحلیل ویدئویی تست
تحلیل ویدئویی برای این تست ثبت نشده است!
پرسش و پاسخ های مشابه
سوال کنید یا به سوالات دیگران پاسخ دهید ...