One Implication of an Empirical Investigation of the Marshall-Lerner Condition

Multiple Choice

One implication of an empirical investigation of the Marshall-Lerner condition is that, in the ________, a real ________ in a nation's currency is likely to ________ the country's current account balance.

A) long run; depreciation; improve
B) short run; depreciation; improve
C) long run; appreciation; improve
D) short run; appreciation; improve
E) short run but not the long run; appreciation; improve