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Author Question: Refer to Figure 19-3. If the Thai government pegs its currency to the dollar at a value above ... (Read 157 times)

dmcintosh

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on: Jun 29, 2018
Refer to Figure 19-3. If the Thai government pegs its currency to the dollar at a value above .03/baht, we would say the currency is
 
  A) undervalued. B) equilibrium valued.
  C) overvalued. D) parity valued.

Question 2

You earned 30,000 in 2007, and your salary rose to 80,000 in 2016. If the CPI rose from 82 to 202 between 2007 and 2016, which of the following is true?
 
  A) The purchasing power of your salary increased between 2007 and 2016.
  B) There was deflation between 2007 and 2016.
  C) The purchasing power of your salary fell between 2007 and 2016.
  D) The purchasing power of your salary remained constant between 2007 and 2016.


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lcapri7

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


dmcintosh

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Reply 2 on: Jun 29, 2018
Gracias!

nyrave

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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