10 points Cover QUESTION 19 Nominal income per capita in the US is 50 thousand dollars. It is 50 thousand pounds in the UK. The exchange rate is 1.0. Adjusting for price level differences, the US real income is The same as the UK Twice the UK Half the UK We do not have enough information 10 points Save As QUESTION 20 Given the information in question 19, the Balassa Samuelson relationship holds for the US and the UK does not hold We do not have enough information 10 points Saver QUESTION 21 Assume that the Fed is committed to price level stability, Income grows at 0.05, the base grows at ten percent (0.10) The money multiplier has doubled has decreased by 0.05 percent we do not have enough information