Description of this paper

foreign currency per dollar

Description

solution


Question

How will the exchange rate (foreign currency per dollar) respond to an increase in the relative rate of productivity growth in the U.S. in the long run?;which of the following out of the choices are correct? (A. B. C. or D.);A. Exchange rates will fall.;B. The exchange rate will be affected in the short run, but not in the long run.;C. Exchange rates will be unaffected by changes in the relative rate of productivity growth in the U.S., both in the short run and in the long run.;D. Exchange rates will rise.

 

Paper#24666 | Written in 18-Jul-2015

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