« previous next »

Author Question: China linked its exchange rate to the U.S. dollar which meant in the 2004-2007 period A) it ... (Read 17 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
China linked its exchange rate to the U.S. dollar which meant in the 2004-2007 period
 
  A) it appreciated against most other currencies, hurting its manufacturing competitiveness.
  B) it depreciated against most other currencies, making its products cheaper.
  C) it decreased the size of its merchandise trade surplus.
  D) it overvalued its currency, making it hard to attract foreign investment.

Question 2

Imagine that the economy is at a point that is above both AA and DD, where both the output and asset markets are out of equilibrium. Which first action is TRUE?
 
  A) The economy will stay at this level in the short run.
  B) The exchange rate will first drop to a point on the AA schedule.
  C) The exchange rate will first move to a point on the DD schedule.
  D) The AA-DD equilibrium will shift to the position of the economy.
  E) The exchange rate will first move left to a position on the AA schedule.
International Economics ¦ Gerber ¦ 6th Edition
Buy Test-Bank


dlook33

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Changes in metabolic rate of selected structures in a mammal's body during different activities Changes in metabolic rate of selected structures in a mammal's body during different activities
X-Linked X-Linked
Embryonic Period - 4th week Embryonic Period - 4th week
A pedigree for an X-linked dominant trait. Affected males produce all affected daughters and no affe A pedigree for an X-linked dominant trait. Affected males produce all affected daughters and no affe
Compute the rate of discount allowed on a rotor-tiller that lists for $341.00 and is sold for ... Compute the rate of discount allowed on a rotor-tiller that lists for $341.00 and is sold for ...
The X-linked genetic model of Morgan’s eye-color inheritance The X-linked genetic model of Morgan’s eye-color inheritance
Video: Introduction to Epilepsy

For a complete list of videos, visit our video library