Why is a depreciation or devaluation of the nations currency


Problem

Why is a depreciation or devaluation of the nation's currency not feasible to eliminate a deficit if the nation's demand and supply curves of foreign exchange are inelastic?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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International Economics: Why is a depreciation or devaluation of the nations currency
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