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Author Question: Refer to Figure 19-5.The Chinese government pegs the yuan to the dollar, at one of the ... (Read 348 times)

bclement10

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on: Mar 16, 2019

Question 1

Figure 19-4










Refer to Figure 19-4.  The equilibrium exchange rate is originally at A, $3/pound. Suppose the British government pegs its currency at $4/pound. Speculators expect that the value of the pound will drop and this shifts the demand curve for pounds to D
2. If the government abandons the peg, the equilibrium exchange rate would be


◦ $4/pound.
◦ $3/pound.
◦ $2/pound.
◦ less than $2/pound.

Question 2

Figure 19-5











Refer to Figure 19-5.  The Chinese government pegs the yuan to the dollar, at one of the specified exchange rates on the graph, such that it undervalues its currency. Using the figure above, this would generate


◦ a shortage of yuan equal to 400 million.
◦ a shortage of yuan equal to 200 million.
◦ a surplus of yuan equal to 200 million.
◦ a surplus of yuan equal to 400 million.
◦ a surplus of yuan equal to 300 million.
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by bclement10 on Mar 16, 2019

chjcharjto14

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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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bclement10

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Reply 2 on: Mar 16, 2019
YES! Correct, THANKS for helping me on my review

softEldritch

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

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