ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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What could be the measures to correct disequilibrium in the balance of payments?
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- Suppose world interest rates go up, driving the world into a recession (that is, world income falls). Use the AD-AS model to analyze how this affects prices and income in our national economy. Do your results depend on whether exchange rates are fixed or flexible?arrow_forwardWhat is balance of visible items in the balance of payments account called?arrow_forwardQues 20: Is currency exchange rate a suitable measure of relative economic performance of countries???arrow_forward
- If a country is a big exporter, is it more exposed to global financial crises?arrow_forwardVisit one of the many websites that lists all of the current exchange rates between different currencies around the world. Try a financial newspaper’s site such as ft.com (follow the links to “Market Data,” and then “Currencies”), or try websites devoted to foreign exchange market data such as oanda.com or xe.com (dig down; don’t just look at the major currency tables). According to these lists, how many distinct currencies exist around the world today? Are some currencies used in more than one country?arrow_forwardHow do you think a fluctuation in foreign exchange rates affect trade?arrow_forward
- If a country's currency is depreciating, will money supply grow SLOWER or FASTER than economic growth?arrow_forwardWhen the dollar decreases in value relative to other currencies, which group (exporters/importers) benefits which group(exporters/importers) is potentially harmed?arrow_forwardA higher level of GDI relative to the country's absorption level contributes to a higher current account. True or False?arrow_forward
- Write the difference between capital account and current accountarrow_forwardWhat does it mean when the dollar appreciates compared to when the dollar depreciates? Has the US dollar been relatively strong or weak over the past year? How does the strength of the dollar affect exports and imports?arrow_forwardQUESTION 2 Choose the correct one from below. A negative shock to firms' productivity doesn't affect the country's current account balance if the shock is temporary. A negative shock to firms' productivity affects the country's current account balance even if the shock is temporary.arrow_forward
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