Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Macmillan Learning Complete the following passage about how interest rates effect net exports.. Higher interest rates in the United States lead net exports to This
Macmillan Learning Complete the following passage about how interest rates effect net exports.. Higher interest rates in the United States lead net exports to This is because higher interest rates foreign investment in the United States, causing the demand for dollars to the value of the dollar relative to other currencies. American goods thus become exports. On the other hand, imports become relatively the quantity of foreign goods imported. expensive for foreigners, expensive
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started