The depreciation of a currency may cause an initial worsening of the balance of payments before it improves. This is called the _____.
AJ-curve effect正確答案
BMarshall Lerner condition
Cexchange rate overshooting
Dprice-specie flow mechanism
答案與詳解
J曲線效應:貶值後短期因合約已簽、進出口量難立即調整,貿易帳反而惡化;中長期量的反應出來後才改善,軌跡像英文字母 J。
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