In our textbook Pg. No. 480 & 481

1. Show the effect of dollar appreciation and depreciation with the euro on the price of U.S. exports and imports by updating Table 15.2, as shown in the updated table.

CHAPTER 15 International and Balance of Payments Issues in the Macro Economy 481 TABLE 15.2 (updated) Effect of Dollar Appreciation and Depreciation on U.S. Exports and Imports R = EURO/$ DOMESTIC JAN 09: JUNE 09: EFFECT ON EXPORTS (X) PRICE R = 0.76 R = 0.71 AND IMPORTS (M) U.S. exports: $1,000 Televisions U.S. imports: Euro 25,000 European cars JAN 08: JAN 09: R = 0.68 R = 0.76 U.S. exports: $1,000 Televisions U.S. imports: Euro 25,000 European cars