Category: Uncategorized

Consider the following information:             Year CPI(US) CPI(GER) Exchange Rate 1959 20.2 21.5 $0.45/DM 1969 34.3 39.5 $0.43/DM                           Note:   CPI(US):         Consumer price index for U.S.                                     CPI(GER):      Consumer price index for Germany.   According to purchasing power parity (PPP), should the DM appreciate or depreciate against the $ over the time period?

The former European Community (EC) countries agreed in March 1979 to set up an European Monetary System (EMS), within which exchange rates would be kept nearly fixed. If Germany had decided to increase interest rate to fight against inflation, interest rates in other EMS countries would have to __________ in order to keep the exchange rate fixed.

In January 2002, the Argentine Peso changed in value from Peso1.00/$ to Peso1.40/$, thus, the Argentine Peso ___________ against the U.S. dollar.

Given the following information for a country’s balance of payments (in millions of US dollars): B. Capital Account                                 0 C. Financial Account                     19,261 D. Net Errors and Omissions           -817 E. Reserves and Related Items     -4,278 What was current account balance?

If the interest rate in the U.S. is i$ = 5 percent for the next year and interest rate in the U.K. is i£ = 8 percent for the next year, uncovered IRP (also called international fisher effect) suggests that 

If a PAC or SuperPAC wants to air an ad encouraging voters to support a candidate for federal office, which of the following statements is correct?

A Super Pac may contribute an unlimited amount of money to a candidate for office.

The Voting Rights Act encourages the  creation of legislative districts that increase the likelihood that a person of color will be elected.

How were California’s state and federal legislative districts  drawn after the 2020 census?

Which of these statements about executive orders is (are) correct.  Choose all that apply.