Homework11-12 - Econ 202 - Nelson Unit 12 Assignment...

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Econ 202 - Nelson Unit 12 Assignment Name_____Ryan Ingalls_________ I. The currency of Sweden is the kronor (plural: krona). On July 7, 2001, one US dollar was worth 11 Swedish krona. On July 15, 2009, one dollar was worth about 8 krona. A. During the period from 2001 to 2009, the kronor has _______ depreciated __________ (appreciated, depreciated) with respect to the dollar. B. As a result of this change in exchange rates, Swedish prices of US goods will __ fall ___. (rise, fall) Illustrate, using a $30 computer program. In 2001, the program would be worth 330 krona, but in 2009 it would be worth 240 krona 1. Name a group that is better off as a result of this change in the Swedish prices of US goods. US Producing Firms, because they will sell more due to the lower prices 2. Name a group that is worse off as a result of this change in the Swedish prices of US goods. Foreign Producers, because more people will buy they cheaper US product C. As a result of this change in exchange rates, US prices of Swedish goods will __
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This note was uploaded on 10/17/2011 for the course EC 202 taught by Professor Obst during the Summer '08 term at Michigan State University.

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Homework11-12 - Econ 202 - Nelson Unit 12 Assignment...

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