Describe the culture of ancient China.  Write about any of t…

Describe the culture of ancient China.  Write about any of the following ideas: What were the social classes?  How were families organized? What were important ideas, philosophies, or concepts found during this time in regards to family life? Try to give me 4-5 facts.  (4 points)

All other things being equal, we expect fixed exchange rates…

All other things being equal, we expect fixed exchange rates to promote trade by lowering transactions costs. If that is true, then differences in prices measured in a common currency should be ________among countries with ______exchange rates than among countries with ______ rates.

Shock: investors expect a depreciation of the home currency…

Shock: investors expect a depreciation of the home currency in the future. Assume the government allows the exchange rate to float and responds to the shock using monetary policy to stabilize output. Use the IS-LM-FX model to state the effect of the given shock above on the output, interest rate, exchange rate, consumption, investment and trade balance (increase, decrease, no change, or ambiguous). To get full credits, you must show all steps.