The Marshall-Lerner condition / J curve (HL only)
This page contains the student activities for the teacher page: The Marshall-Lerner condition / J curve (HL only) Marshall - Lerner condition - the condition that an exchange rate devaluation or depreciation will only cause a balance of trade improvement if the absolute sum of the long-term export and import demand elasticities is greater than unity. The condition states that a country will only benefit from a...