Starting from a situation where the currency is overvalued, a devaluation may help eliminate the overvaluation at a smaller unemployment cost than the cost implied by simply waiting for the price level to adjust.
Starting from a situation where the currency is overvalued, a devaluation may help eliminate the overvaluation at a smaller unemployment cost than the cost implied by simply waiting for the price level to adjust.
从货币估价过高的情况开始，贬值可以帮助消除过高估价，与只是等待通过价格水平调整的损失相比以更少的失业为代价。