Question
Assume that the interest rate in England is 2% and in the United States 3%. Next, suppose that for some reason the rate of interest
Assume that the interest rate in England is 2% and in the United States 3%. Next, suppose that for some reason the rate of interest in the United States increases to 4%. The value of the dollar will tend to:
A. lower.
b. increase.
c. stay stable.
d. go up and then go down.
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Economics Today
Authors: Roger LeRoy Miller
16th edition
132554615, 978-0132554619
