Question
If the exchange rate of some economy depreciates
vis−a−vis US $ and if the Marshal Lerner condition is satisfied, then the current account deficit of that economy is expected toSolution
Marshall−Lerner condition ensures that devaluation improves a country’s balance of trade position if the sum of the price elasticities of demand for exports and imports (in absolute value) is greater than 1. Assuming that this condition is being fulfilled, then depreciation in exchange rate will decrease the current account deficit.
PETA India’s person of the year 2022?
Disguised unemployment exists primarily in the ________ sector in our country.
The abnormal loss is debited to following accounts:Â
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       I.           Th...
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With reference to the Judicial Review powers of the Supreme court of India, consider the following statements
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2.189...
