Pearson eText Economics of Money, Banking and Financial Markets, The, Business School Edition -- Instant Access (Pearson+)
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Chapter 21, Problem 6Q
To determine

What would be the effect of a devaluation on a country's imports and exports? Further, if a country imports most of the goods included in the basket of goods and services used to calculate the consumer price index (CPI), what will be the effect on this country’s inflation rate?

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