4. Assume that all data in Question 2 are unchanged except the US GDP,QUS,which increases from $7000

Question:

4. Assume that all data in Question 2 are unchanged except the US GDP,QUS,which increases from $7000 billion to $7700 billion? What happens to the exchange rate, and how does this compare in magnitude to the change in US GNP?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: