Answer the Following in half page (SHORT NOTE).

The note should have intext citations. For example, anything with numbers or quotes per paragraph. The intent citation just needs to be the Author's last name and year it was published. Please also include REFERENCES. Thanks

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Is a strong dollar a good thing? (Substantive responses to this CAT will count towards Participation.)

You should complete this CAT only after completing the relevant article readings for Topic 8 and answering the Topic 8 DQ1.

Many people think that it is good for the US dollar to be strong against foreign currencies, yet not everyone in the US may benefit from a strong dollar.

(a) Do some research to identify the effects of a strong currency.

Identify one advantage and one disadvantage for the US economy, firms or citizens of a strong dollar.

(b) What do you personally prefer?

You may find the following video helpful:

Floating and Fixed Exchange Rates- Macroeconomics

https://www.youtube.com/watch?v=_pL_5trI6YY