Domestic currency devaluation always improves the balance of trade in the short run.

Name: Domestic currency devaluation always improves the balance of trade in the short run.
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Devaluation can improve the balance of trade by making exports cheaper and imports more expensive, but its immediate effect may not always be positive due to factors like price elasticity of demand for exports and imports, and the time it takes for businesses and consumers to adjust to new prices.

Domestic Currency Devaluation Always Improves the Balance of Trade in the Short