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Author Question: Refer to Figure 19-10. Under the Bretton Woods System of exchange rates, if the par ... (Read 600 times)

Jkov05

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on: Mar 16, 2019

Question 1

Figure 19-10











Refer to Figure 19-10.  Under the Bretton Woods System of exchange rates, if the par exchange rate was $2 per pound in the figure above, and equilibrium persisted at $3, then this was evidence of ________ and the IMF would allow a ________ in the exchange rate.


◦ fundamental disequilibrium; revaluation
◦ fundamental disequilibrium; devaluation
◦ fundamental overvaluation; devaluation
◦ fundamental overvaluation; revaluation

Question 2

Figure 19-10











Refer to Figure 19-10.  Under the Bretton Woods System of exchange rates, if the par exchange rate was $2 per pound in the figure above, and equilibrium persisted at $3, then a revaluation of the currency would have


◦ increased the price of British exports to the United States.
◦ increased the price of imports to Britain.
◦ led to a current account surplus.
◦ led to a balance of trade surplus.
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by Jkov05 on Mar 16, 2019

ultraflyy23

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Reply #1 on: Mar 16, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Jkov05

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Reply #2 on: Mar 16, 2019
TY


ultraflyy23

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Reply #3 on: Mar 16, 2019
You're welcome


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