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According to the Marshall-Lerner condition, currency depreciation has no effect on a country's trade balance if the elasticity of demand for its exports plus the elasticity of demand for its imports equals
Experimental
Pertaining to or based on experiments, which are structured and controlled tests or investigations to establish or test a hypothesis.
Placebo
An inert or non-effective substance or treatment given to a participant in a study, used to contrast with an active substance to test its efficacy.
Test
An assessment or examination intended to measure a test-taker's knowledge, skill, aptitude, physical fitness, or classification in many other topics.
Independent Variable
The variable in an experiment that is manipulated to observe its effect on the dependent variable.
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