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4 . Suppose that, at the beginning of the semester $ 1 . 0 8 would purchase 1 . 0 0 Euro. Suppose, also, that
Suppose that, at the beginning of the semester $ would purchase Euro. Suppose, also, that it now takes $ to purchase Euro. Also, suppose that at the beginning of the semester, $ purchased while it now takes $ to purchase At the same time, at the start of the semester, the $ would purchase Japanese Yen while $ will now purchase Japanese Yen. Has the US $ gotten stronger or weaker versus each these currencies over the past month? Identify and explain events in the U S economy that might cause these exchange rates to change as they have.
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