Author Question: Refer to Table 29-3. Given the following exchange rates in the above table, what are the exchange ... (Read 239 times)

amal · **on:** Jun 29, 2018

Refer to Table 29-3. Given the following exchange rates in the above table, what are the exchange rates stated as U.S. dollars per Danish krone and U.S. dollars per EU euro respectively?

A) 2.00 dollars per krone and 7.14 dollars per euro B) 0.02 dollars per krone and 0.70 dollars per euro
C) 0.20 dollars per krone and 1.43 dollars per euro D) 0.05 dollars per krone and 1.30 dollars per euro

Question 2

Suppose real GDP is 12.6 trillion and potential GDP is 12.4 trillion. To move the economy back to potential GDP, Congress should

A) lower government purchases by 200 billion.
B) raise taxes by 200 billion.
C) lower government purchases by an amount less than 200 billion.
D) lower taxes by 200 billion.
E) raise taxes by an amount more than 200 billion.