Trade deficit then when the country's currency

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The Chingstuel is a mountain of the Urner Alps, located on the border between the cantons of Obwalden and Bern. It lies between the Klein Melchtal and the region of Hasliberg.

"}

{"type":"standard","title":"Marshall–Lerner condition","displaytitle":"Marshall–Lerner condition","namespace":{"id":0,"text":""},"wikibase_item":"Q1739376","titles":{"canonical":"Marshall–Lerner_condition","normalized":"Marshall–Lerner condition","display":"Marshall–Lerner condition"},"pageid":2021321,"thumbnail":{"source":"https://upload.wikimedia.org/wikipedia/commons/2/26/Jcurve.png","width":213,"height":321},"originalimage":{"source":"https://upload.wikimedia.org/wikipedia/commons/2/26/Jcurve.png","width":213,"height":321},"lang":"en","dir":"ltr","revision":"1278484780","tid":"c3932e00-f79a-11ef-aa66-1138a3a0f1a9","timestamp":"2025-03-02T19:15:55Z","description":"Economic concept","description_source":"local","content_urls":{"desktop":{"page":"https://en.wikipedia.org/wiki/Marshall%E2%80%93Lerner_condition","revisions":"https://en.wikipedia.org/wiki/Marshall%E2%80%93Lerner_condition?action=history","edit":"https://en.wikipedia.org/wiki/Marshall%E2%80%93Lerner_condition?action=edit","talk":"https://en.wikipedia.org/wiki/Talk:Marshall%E2%80%93Lerner_condition"},"mobile":{"page":"https://en.m.wikipedia.org/wiki/Marshall%E2%80%93Lerner_condition","revisions":"https://en.m.wikipedia.org/wiki/Special:History/Marshall%E2%80%93Lerner_condition","edit":"https://en.m.wikipedia.org/wiki/Marshall%E2%80%93Lerner_condition?action=edit","talk":"https://en.m.wikipedia.org/wiki/Talk:Marshall%E2%80%93Lerner_condition"}},"extract":"The Marshall–Lerner condition is satisfied if the absolute sum of a country's export and import demand elasticities is greater than one. If it is satisfied, then if a country begins with a zero trade deficit then when the country's currency depreciates, its balance of trade will improve. \nThe country's imports become more expensive and exports become cheaper due to the change in relative prices, and the Marshall-Lerner condition implies that the indirect effect on the quantity of trade will exceed the direct effect of the country having to pay a higher price for its imports and receive a lower price for its exports.","extract_html":"

The Marshall–Lerner condition is satisfied if the absolute sum of a country's export and import demand elasticities is greater than one. If it is satisfied, then if a country begins with a zero trade deficit then when the country's currency depreciates, its balance of trade will improve. \nThe country's imports become more expensive and exports become cheaper due to the change in relative prices, and the Marshall-Lerner condition implies that the indirect effect on the quantity of trade will exceed the direct effect of the country having to pay a higher price for its imports and receive a lower price for its exports.

"}

{"slip": { "id": 21, "advice": "Don't feed Mogwais after midnight."}}

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{"slip": { "id": 14, "advice": "Life is better when you sing about bananas."}}

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