Question
Brenda and Brendan are siblings that live in California. They earn all their income in US dollars. Brendan and Brenda are extremely patriotic, and make
Brenda and Brendan are siblings that live in California. They earn all their income in US dollars. Brendan and Brenda are extremely patriotic, and make a point of only buying domestic goods and services. If the US Dollar depreciates against other currencies, What will the impact be on Brendan and Brenda?
They will be able to buy less goods and services, as the purchasing power will decline. | ||
The will be able to buy less goods and services, due to inflationary pressures from currency decline | ||
Their purchasing power will not be impacted because they only buy domestic products. | ||
Not enough information in the question to determine an answer. |
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