While a weak currency can reduce unemployment at home, it can also lead to higher inflation, as local companies are better able to raise prices.

Name: While a weak currency can reduce unemployment at home, it can also lead to higher inflation, as local companies are better able to raise prices.
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Question

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A weak currency can make exports more attractive, leading to increased demand for goods produced by local companies. This can lead to an increase in their prices, which can result in higher inflation.

While a Weak Currency Can Reduce Unemployment at Home, It