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unit 7

Across
When the dollar value of the euro is high travel in the U.S. is ___ expensive for Europeans.
If a country follows a contractionary monetary policy, with everything else remaining unchanged, then it leads to an ______ in IR and an appreciation in currency.
When the U.S. dollar price of a foreign currency rises it becomes cheaper for _____ to buy U.S. goods.
Determined by the market.
If the value of a U.S. dollar changes from Y120 to Y110, it follows that U.S. goods become _____ for Japanese consumers to purchase.
Down
A car costs $30,000 in the U.S. and the exchange rate is $1=LO.5. the same car costs L12,000 in Britain. to have purchasing power parity, the pound must____.
_____ balance is included in the U.S. current account.
A current account deficit is generally a result of _____ exceeding exports.
The value of a euro, the currency for most of Europe, goes from IE=US$1.25 to IE=US$1.50. the euro has ______.