The extent to which changing currency values result in changing relative prices of imports and exports is known as the J-curve effect.

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The J-curve effect refers to the theory that after a devaluation of a country's currency, there might initially be a worsening of its trade balance, followed by an improvement over time. The changing currency values affecting relative prices of imports and exports is more directly related to the concept of exchange rate pass-through.

The Extent to Which Changing Currency Values Result in Changing