The beauty of the J-curve adjustment path for trade balance adjustments is that the process is very quick, typically taking only a month or so to complete.

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The J-curve adjustment path for trade balance adjustments is not a quick process and can take several months or even years to complete. It involves an initial worsening of the trade balance followed by gradual improvements as the economy adjusts to new relative prices.

The Beauty of the J-Curve Adjustment Path for Trade Balance