"exchange-rate adjustments" please respond to the following:

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i only need 2-3 paragraphs. i do not need a page of material. i simply need these question's answered correctly on time. can you complete this in 4 hours? thank you for your assistance. apply the marshall-lerner condition of the elasticity approach to determine the impact of exchange-rate adjustments. determine if it makes any difference whether a nation’s currency depreciates when the economy is operating at less than full capacity versus full capacity. explain your rationale.

base your response on these topics. the following material will be the basis on your response. use the following suggestions in your response as the core material. this is as much information i can you. thank you for your assistance. the marshall-lerner condition refers to the elasticities approach to devaluation. it suggests that devaluation works best at improving a country's trade balance when demand elasticities are high (i.e., the sum of the domestic demand elasticity for imports plus the foreign demand elasticity for exports exceeds one). empirical studies suggest that deman elasticities for most countries are quite high. considering the marshall-lerner conditions, if the sum of the elasticities is less than one, currency depreciation will cause a deterioration in a nation trade position. the initial price effects of depreciation will be: to raise, in terms of home currency, the price of importables into the deficit country relative to prices of its home goods; to decrease, in terms of foreign currency, the prices of exportables from the depreciating country relative to the prices of home goods abroad; to decrease, in terms of foreign currency, the prices of exportables from the depreciating country relative to the prices of exportables from third countries.
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