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Explain the relationship between the relative value of the dollar and its relationship to U.S. exports and imports. Posit the effect of the relative value
- Explain the relationship between the relative value of the dollar and its relationship to U.S. exports and imports.
- Posit the effect of the relative value of the US dollar and the impact on US GDP. Using the equation for GDP, GDP = C + I +G + (X-M), which of the various components of GDP would be most affected by changing currency levels? Explain.
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Understanding the Law
Authors: Donald L. Carper, John A. McKinsey
6th edition
978-0538473590
