The U.S. dollar exchange rate describes the
a. the deficit/surplus situation in the balance of payments.
b. the price of a foreign currency in terms of dollars.
c. the deficit/surplus situation in the merchandise trade balance.
d. future changes in foreign balance of payments.
e. none of the above.
E
Economics
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Holding other things constant, if the US dollar depreciates, it makes the US exports
a. Less attractive to foreigners b. More attractive to foreigners c. Neither more nor less attractive to foreigners d. None of the above
Economics
Within the framework of the Keynesian Cross model, if an economy is operating at a real GDP less than full-employment real GDP:
a. a recessionary gap exists b. an inflationary gap exists c. aggregate expenditures will rise d. the general level of prices will rise
Economics