Unformatted text preview: for the existence of so many trade restrictions. 3. Problem 5 in p. 584 or Krugman-Wells. 4. Problem 7 in p. 584 of Krugman-Wells. 5. Discuss how increases in GDP do not necessarily translate in improvements in the welfare of citizens. 6. Using a demand and supply approach, examine the effects of the following changes on the exchange rate between the Japanese yen and U.S. dollar: A. A reduction in U.S. interest rates; B. A reduction in the Japanese price level; C. A reduction in Japanese GDP; D. An increase in U.S. GDP....
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This note was uploaded on 02/20/2009 for the course ECON 62020 taught by Professor Skaperdas during the Winter '09 term at UC Irvine.
- Winter '09