Assume the United States is the "domestic" country and China is the "foreign" country. Which of the following might increase the real exchange rate between the United States and China?
A) an increase in the price level in the United States
B) an appreciation of the yuan
C) an increase in the price level of China
D) a depreciation of the dollar
A
Economics
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Refer to Figure 16-1. Suppose the economy is in a recession and expansionary fiscal policy is pursued. Using the static AD-AS model in the figure above, this would be depicted as a movement from
A) B to A. B) C to B. C) B to C. D) A to B. E) A to E.
Economics
In the United States, the most recent period in which the unemployment rate stayed below the natural unemployment rate for several consecutive years was
A) the early 1930s. B) the late 1940s. C) the late 1960s. D) the mid 1980s. E) the late 1990s.
Economics