ECNS 202 PRINTOUT
8th Edition
ISBN: 9781337096584
Author: Mankiw
Publisher: CENGAGE L
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Question
Chapter 18, Problem 6PA
(a)
To determine
Influence on US real exchange rate when proce increase more in the U.S..
(b)
To determine
Influence on US real exchange rate
(c)
To determine
Influence on US real exchange rate price remain the same in U.S..
(d)
To determine
Influence on US real exchange rate when U.S. nominal exchange rate declines.
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(Figure: Good Y and Good X) Suppose the budget constraint shifted from constraint 2 to constraint 1. What could have caused this change?
Quantity of
good Y
18
16
14
Budget constraint 2
12-
10
8
Budget constraint 1
6
4
2
0
2 4 6 8 10 12 14 16 18 20 Quantity of good X
an increase in income and an decrease in the price of good X relative to that of good Y
a decrease in income
an decrease in the price of good X and no change in the price of Y
a decrease in income and an increase in the price of good X relative to that of good Y
an increase in income
a decrease in the price of good X relative to that of good Y
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