CHAPTER 3 EXCHANGE RATES I; THE MONETARY APPROACH IN THE LONG RUN 107
4. Table 31 in the text shows the percentage a. What is the expected U.S. minus U.K. ina
undervaluation or overvaluation in the Big
Mac, based on exchange rates in July 2012.
1. Joes income this year is 55,000. The consumer price CPI is 110. What Joes income in term of base year dollars rounded to the nearest dollar?
2. Government can increase Long-Run economy growth b