Question: According to the absorption approach, does it make any difference whether a nation's currency depreciates when the economy is operating at less than full capacity

According to the absorption approach, does it make any difference whether a nation's currency depreciates when the economy is operating at less than full capacity versus at full capacity?

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According to the absorption approach, does it make any difference whether a nation's currency depreciates when the economy is operating at less than full capacity versus at full capacity?

According to the absorption approach, does it make any difference whether a nations currency depreciates when the economy is operating at less than full capacity versus at full capacity?

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According to the absorption approach, does it make any difference whether a nation's currency depreciates when the economy is operating at less than full capacity versus at full capacity?

According to the absorption approach, does it make any difference whether a nations currency depreciates when the economy is operating at less than full capacity versus at full capacity?

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