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In: Economics

Describe with your own words the J-curve effect. Relate this to the Marshall-Lerner condition. According to...

  1. Describe with your own words the J-curve effect. Relate this to the Marshall-Lerner condition.

  1. According to the monetary model, what happens when there is a fall in real income?

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Expert Solution

Rahul Sunny answered 2 years ago
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