We investigate the effect of exchange and correlation (xc) in low-density electron bilayers. Along with the direct Coulomb interaction, the effective electron-electron interaction mediated by the exchange of virtual polar optical (PO) phonons is considered. We find that the introduction of xc corrections results in a significant enhancement of the transresistivity and qualitative changes in its temperature dependence. The virtual PO-phonon contribution behaves similarly to the Coulomb drag and reduces noticeably the total drag thereby resulting in a better agreement with the recent experimental findings.

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