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explain why U.S. presidents often favor a lower dollar over the course of their presidency. Explain the relationship between the relative value of the dollar
explain why U.S. presidents often favor a "lower dollar" over the course of their presidency.
- 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?
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Economics Principles and Policy
Authors: William J. Baumol, Alan S. Blinder
12th edition
978-0538453677, 538453672, 978-0538453622, 538453621, 978-0538453653
