Marshall+lerner+and+the+J+curve

=The marshall lerner criteria:= =The condition states that, for a [|currency] [|devaluation] to have a positive impact on [|trade balance], the sum of [|price elasticity] of [|exports] and [|imports] (in [|absolute value] ) must be greater than 1.=

= = =**And a useful revision video **=

media type="custom" key="21043036"