Other things being constant, if the U.S. real rate of interest exceeds that of its trading partners, we expect a. political instability in the United States. b. a worsening of the U.S. balance of payments. c. an appreciation of U.S. currency. d. that a "dirty float" will emerge.
Other things being constant, if the U.S. real rate of interest exceeds that of its trading partners, we expect a. political instability in the United States. b. a worsening of the U.S. balance of payments. c. an appreciation of U.S. currency. d. that a "dirty float" will emerge.
ChapterA6: Appendix 6: Government Intervention During The Asian Crisis
Section: Chapter Questions
Problem 6DQ
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Other things being constant, if the U.S. real rate of interest exceeds that of its trading partners, we expect
a. political instability in the United States.
b. a worsening of the U.S. balance of payments.
c. an appreciation of U.S. currency.
d. that a "dirty float" will emerge.
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