HW_8_Questions_Chaptesr_13_14[1]

HW_8_Questions_Chaptesr_13_14[1] - HW 8 Chapters 13 and 14...

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HW 8 Chapters 13 and 14 Chapter 13 Answers to End-of-Chapter Questions 4-15 Chapter 13 Quantitative problems Questions 1, 3, 8 Chapter 14 Answers to End-of-Chapter Questions 1, 3, 5 Chapter 14 Quantitative problems Questions 1-3 1. When the value of the dollar changes from £0.75 to £0.5, then the pound has _____ and the dollar has _____. appreciated; appreciated depreciated; appreciated appreciated; depreciated depreciated; depreciated 2. Appreciation of the dollar makes U.S. goods _____ expensive for foreigners and foreign goods _____ expensive for Americans. less; more more; more more; less less; less
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3. If the inflation rate in the United States is higher than that in Europe and productivity is growing at a slower rate in the United States than in Europe, then, in the long run, (a) the euro should appreciate relative to the dollar. (b) the euro should depreciate relative to the dollar. (c) the dollar should depreciate relative to the euro.
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HW_8_Questions_Chaptesr_13_14[1] - HW 8 Chapters 13 and 14...

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