. What does it mean when a country’s currency depreciates in the foreign exchange markets?

Brief Principles of Macroeconomics (MindTap Course List)
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ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter14: A Macroeconomic Theory Of The Open Economy
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d. What does it mean when a country’s currency depreciates in the foreign exchange markets?

e. Who wins and who loses in an economy when its currency devaluates in the foreign exchange market?

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