Which of the following illustrates the response of a country’s trade balance to a drop in the exchange rate value of the country’s currency?
A. IS curve
B. LM curve
C. FE curve
D. J curve
Answer:D
Which of the following illustrates the response of a country’s trade balance to a drop in the exchange rate value of the country’s currency?
A. IS curve B. LM curve C. FE curve D. J curve