Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
Marshall-Lerner condition The condition under which a real depreciation leads to an increase in net exports.
Marshall-Lerner condition The condition under which a real depreciation leads to an increase in net exports. B.2. When account is taken of its effect on expectations, the decrease in government spending need not lead to a decrease in output. Explain this statement.
