An increase in inflation in the United States relative to the rate in France would make:   a.  U.S. goods relatively less expensive in the United States and in France.   b.  French goods relatively less expensive in the United States and U.S. goods relatively more expensive in France.   c.  French goods relatively more expensive in the United States and in France.   d.  French goods relatively more expensive in the United States and U.S. goods relatively less expensive in France.

Table 12-1 Country Currency Currency per Canadian Dollar Canadian Price Index Country Price Index Bolivia Boliviano 8.00 100 700 125.00 100 25,000 10.00 100 1200 6.5 100 650 40.00 100 4000 Japan Yen Morocco Dinar Norway Kroner Thailand Baht Refer to Table 12-1. What countries' goods are more expensive than Canadian goods? Japan, Norway, and Thailand Bolivia and Morocco Japan and Morocco Thailand and Norway

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3. There is a group of economists who argue that the US should return to what’s called a “gold standard”. According to this policy approach, the dollar price of gold is always kept the same, so that we can think of the prices of goods and services as really being denominated in ounces of gold. In this problem, you’ll do a simple calculation that suggests possible problems with this approach. a. Using FRED, calculate how much the dollar price of an ounce of gold rose (in percentage terms) from December 2007 to December 2010. b. Using FRED, calculate how much the Consumer Price Index (CPI) rose (in percentage terms) from December 2007 to December 2010. c. How did the price of the CPI bundle of US goods and services, expressed in terms of ounces of gold, rise or fall (in percentage terms) from December 2007 to December 2010? d. Suppose that the US had been on the gold standard from December 2007 to December 2010, so that prices of goods and services were denominated in terms of ounces of…

1. Pricing of foreign goods

Tradavia exports its world-famous giant sausages to Gourmland.  If the price of a sausage is 8 Tradavian dollars in the home currency and there are 6 Gourmlandian pounds to 1 dollar, what is the price of a sausage in Gourmland?

1. Pricing foreign goods The nominal exchange rate is the price of one currency in terms of another currency. A nominal exchange rate specifies how many units of one country's currency are needed to buy one unit of another country's currency. Suppose the following table forecasts nominal exchange rate data for June 13, 2023, in terms of U.S. dollars per unit of foreign currency. Use the information in the table to answer the questions that follow. Foreign Currency Canadian dollar (CAD) Euro (EUR) Japanese yen (JPY) Mexican peso (MXN) United Kingdom pound (GBP) Cost of One Unit of Foreign Currency (Dollars) 0.7950 1.2035 0.009126 0.0920 1.8011 Suppose that on June 13, 2023, an ornamental bookcase handmade in Germany is priced at 840 EUR. The approximate U.S. dollar price of the bookcase would be If the nominal exchange rate for the U.S. dollar-Mexican peso falls from $0.092 to $0.0782 per Mexican peso, the U.S. dollar value, or relative to the Mexican peso. in

The currency of the United States is:   a. backed dollar for dollar by gold.   b. backed by a gold cover of 50 percent.   c. not backed by any precious metal.   d. backed by the government's silver reserves.   e. backed by the government's gold and silver reserves

31. The __________ exchange rate is a weighted average of the market rates across a number of foreign currencies. a. Nominal bilateral b. Real bilateral c. Nominal effective d. Real effective 32. The __________ exchange rate incorporates both the market exchange rate and the product price levels for two countries. a. Nominal bilateral b. Real bilateral c. Nominal effective d. Real effective 33. The __________ exchange rate is a weighted average of the real bilateral exchange rates across a number of foreign countries. a. Nominal bilateral b. Real unilateral c. Nominal effective d. Real effective 34. Studies of exchange rate prediction models conclude that: a. Structural economic models cannot reliably out predict the naïve alternative of a random walk for short forecast horizons. b. Structural economic models reliably out predict the naïve alternative of a random walk for short forecast horizons. c. Structural economic models cannot out predict the…

Last week, 6 swedish kroner could purchase one U.S. dollar. This week, it takes 8 to purchase one U.S. dollar. this change U.S. aggregate demand. in the value of the dollar will exports from the U.S. sweden and 1. decrease; increase 2. increase; increase 3. increase; decrease 4. decrease; decrease