Question: Question 4 (3 points): J-Curve Effect (Chapter 3). The J-curve shows that exports tend to be responsive to exchange rate changes, exerting positive influences on

Question 4 (3 points): J-Curve Effect (Chapter 3). "The J-curve shows

Question 4 (3 points): J-Curve Effect (Chapter 3). "The J-curve shows that exports tend to be responsive to exchange rate changes, exerting positive influences on the trade balance in long run" is the previous statement correct? Draw a graph to explain the meaning of J-curve effect. Below the graph write a simple economic analysis

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