Write a 75-100 word response to each of the bulleted questions below. Each question must have its own response and meet the minimum word count.
- Explain how exchange rates are determined and how government can influence them.
- Differentiate various exchange rate regimes and discuss the advantages and disadvantages of each.
- Discuss the problem of determining the appropriate exchange rate.
- Summarize the balance of payments accounts and explain the relationship between the current account and the financial and capital account.
- Describe the paths through which monetary and fiscal policy affect the trade balance.
- Explain how restoring U.S. competitiveness will likely affect U.S. policy in the future.
- Discuss why there is significant debate about what U.S. international goals should be.
- Summarize the reasons why governments try to coordinate their monetary and fiscal policies.
- What were at least two of the more challenging concepts and ideas covered in principles of macroeconomics? What more would you like to know?
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