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Author Question: Refer to Figure 19-5. Suppose the pegged exchange rate is $0.14/yuan and U.S. consumers ... (Read 576 times)

londonang

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on: Mar 16, 2019

Question 1

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 overvalues its currency. Using the figure above, this would generate


◦ a shortage of yuan equal to 500 million.
◦ a shortage of yuan equal to 100 million.
◦ a surplus of yuan equal to 200 million.
◦ a surplus of yuan equal to 700 million.

Question 2

Figure 19-5











Refer to Figure 19-5.  Suppose the pegged exchange rate is $0.14/yuan and U.S. consumers increase their demand for Chinese products. Using the figure above, this would


◦ increase the surplus of Chinese yuan.
◦ decrease the surplus of Chinese yuan.
◦ decrease the shortage of Chinese yuan.
◦ increase the shortage of Chinese yuan.
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by londonang on Mar 16, 2019

dreamfighter72

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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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londonang

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Reply 2 on: Mar 16, 2019
Great answer, keep it coming :)

cam1229

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Reply 3 on: Yesterday
Excellent

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