Unformatted text preview: Question 3: • If the Canadian dollar appreciates, I as a consumer am better off because he value of my money is higher. Also imports are cheaper. • As a Canadian manufacturer I am worse off if I want to export my good. But might be better off if people feel richer and buy more. Or better if need to import parts. • Yes it matter what type of manufacturer you are, if you create parts, and other countries need to buy, you are worse off. • Also the manufacturers of domestic goods that have to compete with foreign goods, are worse off because foreign goods are now cheaper. Questions 4: Inflation rate is -0.8. Huh?! Question 5:...
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This note was uploaded on 04/17/2010 for the course LAPS ECON2350 a taught by Professor Barrysmithandtasso during the Spring '10 term at York University.
- Spring '10