By making exchange ________, money allows for specialization and higher ________

A certain cell phone sells for 2400 yuan in China and for $300 in the U.S. The nominal exchange rate is 6.5 yuan per dollar. A. Find the real exchange rate. Show your work. B. In terms of dollars where is the cell phone cheaper?

The U.S. Congress passed a stimulus bill in February 2009 to help remove the economy from a recessionary gap. This is an example of the use of

A) expansionary monetary policy. B) contractionary monetary policy. C) contractionary fiscal policy. D) expansionary fiscal policy.