« previous next »

Author Question: A decrease in Swiss interest rates will cause A) an increase in the demand for U.S. dollars and ... (Read 79 times)

Chloeellawright

  • Hero Member
  • *****
  • Posts: 588
on: Jun 29, 2018
A decrease in Swiss interest rates will cause
 
  A) an increase in the demand for U.S. dollars and an increase in the exchange rate of Swiss francs per dollar.
  B) a decrease in the demand for U.S. dollars and a decrease in the exchange rate of Swiss francs per dollar.
  C) an increase in the supply of U.S. dollars and a decrease in the exchange rate of Swiss francs per dollar.
  D) a decrease in the supply of U.S. dollars and an increase in the exchange rate of Swiss francs per dollar.

Question 2

Suppose the base reference period is 1982-1984. If your nominal wage rate is 8.00 per hour when the CPI is 180, what is your real wage rate in 1982-1984 dollars?
 
  What will be an ideal response?


guyanai

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

The real wage rate equals 100 times the nominal wage rate divided by the CPI. Hence the real wage rate equals 100  (8.00)/(180 ) = 4.44.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Water potentials decrease (become more negative) as one moves from soil to plant to atmosphere Water potentials decrease (become more negative) as one moves from soil to plant to atmosphere
Rates of water loss by two turtles and a tortoise indicate an inverse relationship between the dryne Rates of water loss by two turtles and a tortoise indicate an inverse relationship between the dryne
The developing and emerging nations have high rates of population growth The developing and emerging nations have high rates of population growth
Although the highest rates of disordered eating patterns occur among females, males are not immune Although the highest rates of disordered eating patterns occur among females, males are not immune
Directions and Rates of Plate Motions Directions and Rates of Plate Motions
Sand Dollars. Sand Dollars.
Video: Mendel's Pea Experiment

For a complete list of videos, visit our video library