ECONOMICS-W/MYECONLAB
ECONOMICS-W/MYECONLAB
7th Edition
ISBN: 9780134833125
Author: Hubbard
Publisher: PEARSON
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Chapter 29, Problem 29.5RDE
To determine

Thevalue of Japan / US’ foreign exchange rate and US import from Japan.

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Question 13 As the price level rises, Answer the exchange rate falls, so net exports fall. the exchange rate falls, so net exports rise. the exchange rate rises, so net exports fall. the exchange rate rises, so net exports rise.   Question 14 Other things the same, as the price level rises, the real value of a dollar Answer rises, and interest rates rise. rises, and interest rates fall. falls, and interest rates rise. falls, and interest rates fall.   Question 15 Other things the same, as the price level falls, a country’s exchange rate Answer and interest rates rise. and interest rates fall. falls and interest rates rise. rises and interest rates fall.   Question 16 Suppose a fall in stock prices makes people feel poorer. The decrease in wealth would induce people to desire Answer decreased consumption, shown as a movement to the left along a given aggregate-demand curve. increase consumption, shown as a movement to the right along a given aggregate-demand curve. decreased…
Year 2014 2015 2016 US $ 1$ 1$ 1$ Canada $ $1.25 $1.35 $1.45         Based on the Exchange rates above, Which of the following is true? A)Fewer Canadian $ are needed to buy a US$ B)The Canadian $1 is more expensive and is appreciating C)The $1 is more expensive and is appreciating D)The dollar has lost value
Q27: In 2020, the exchange rate was ¥6.90=$1. Convert the China GDP of ¥101.6 trillion yuan in 2020 with the U.S. GDP of $20.94 trillion for the same year.
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