The J-Curve Effect Implies That Following a Currency Appreciation,a Country's

question 61

Multiple Choice

The J-curve effect implies that following a currency appreciation,a country's trade balance:

• A) Worsens before it improves
• B) Continually worsens
• C) Improves before it worsens
• D) Continually improves

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Definitions:

Action Spectrum

A graph of the effectiveness of light at specific wavelengths in promoting a light-requiring reaction. Compare with absorption spectrum.

Absorption Spectrum

A graph of the amount of light at specific wavelengths that is absorbed as light passes through a substance. Each type of molecule has a characteristic absorption spectrum. Compare with action spectrum.

Carotenoids

A class of pigments found naturally in plants, algae, and photosynthetic bacteria, important for photosynthesis and providing coloration.

Chlorophylls

A class of green pigments responsible for the absorption of light energy during photosynthesis in plants, algae, and cyanobacteria.