A devaluation of the home currency increases output and makes domestic goods and services cheaper relative...
A devaluation of the home currency increases output and makes domestic goods and services cheaper relative to those sold abroad. state whether the statements are TRUE or FALSE and briefly elaborate with a relevant explanation why you believe them to be TRUE or FALSE. (10 marks)
Homework Answers
True. A devaluation of the home currency will leads to decrease in the price of a country of exports and increase in the price of the country's imports. And so exports of our country become cheaper on the global market and their quantity demanded increases and more countries are now willing to buy country's goods.
Thus, A devaluation of the home currency increases output and make domestic goods and services cheaper relative to those sold abroad.
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A devaluation of the home currency increases output and makes
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