The J curve effect describes:

The J curve effect describes:

A.the continuous long-term inverse relationship between a country's current account balance and the country's growth in gross national product.

B.the short-run tendency for a country's balance of trade to deteriorate even while its currency is depreciating.

C.the tendency for exporters to initially reduce the price of goods when their own currency appreciates.

D.the reaction of a country's currency to initially depreciate after the country's inflation rate declines.

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