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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 21
At the price of $2 for £1 in this figure:
A) the dollar-pound exchange rate is unstable.
B) the quantity of pounds supplied equals the quantity demanded.
C) the dollar price of £1 equals the pound price of $1.
D) U.S. goods exports to Britain must equal U.S. goods imports from Britain.
A) the dollar-pound exchange rate is unstable.
B) the quantity of pounds supplied equals the quantity demanded.
C) the dollar price of £1 equals the pound price of $1.
D) U.S. goods exports to Britain must equal U.S. goods imports from Britain.
Explanation
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Verified
Hence, the correct answer is b. the quan...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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