HELP! How do you answer this AS Economics question?
Hi! So this question was posed to the class today, and despite my lecturer discussing it, I still can't really grasp the concept of it.
"How does elasticity impact exchange rate and international trade, and is inflation a consequence of it? Discuss it."
According to my lecturer it involves the discussion of the J Curve?
Any help regarding how to answer this question would be much appreciated!
Thanks!
"How does elasticity impact exchange rate and international trade, and is inflation a consequence of it? Discuss it."
According to my lecturer it involves the discussion of the J Curve?
Any help regarding how to answer this question would be much appreciated!
Thanks!
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While you're waiting for an answer, did you know we have 300,000 study resources that could answer your question in TSR's Learn together section?
We have everything from Teacher Marked Essays to Mindmaps and Quizzes to help you with your work. Take a look around.
If you're stuck on how to get started, try creating some resources. It's free to do and can help breakdown tough topics into manageable chunks. Get creating now.
Thanks!
Not sure what all of this is about? Head here to find out more.
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