Why is the given good for the united states and if so why

Assignment Help Macroeconomics
Reference no: EM131970082 , Length: 400 Words

Discussion

Primary Task Response:

Within the Discussion Board area, write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

In 1944, finance specialists and bankers from around the world met to discuss what the post-WWII monetary system would be. Given the instability of the pre-war period, the goal was to create a new system. The outcome of this was the Bretton Woods system, which had the U.S. dollar as the world reserve currency linked to gold at $35 an ounce. All other currencies were tied to the dollar with limits on how much they could appreciate or depreciate. The system lasted until the 1970s, when the United States decided to move away from gold convertibility. The modern system is based on supply and demand for currency and a managed float. Discuss the following in your main post:

• The U.S. dollar remains the world's reserve currency. Is this good for the United States, and if so, why?

• People usually think a "strong" dollar is good. Is this true for U.S. businesses, and does it help or hurt the U.S. balance of payments?

Reference no: EM131970082

Questions Cloud

Why so expensive today when it was so reasonable : Public university tuition in texas: why so expensive today when it was so reasonable just a decade ago?
What were the strategies adopted : Each student must choose FIVE of the 13 businesses in this case study. Analyze these five businesses to determine what strategies the business.
Which is the ratio of price per share to earnings per share : When investing in stocks, investors often base their decision on the P/E ratio, which is the ratio of price per share to earnings per share.
Length and appearance of a business plan : Describe the general rules of thumb for the length and appearance of a business plan.
Why is the given good for the united states and if so why : The U.S. dollar remains the world's reserve currency. Is this good for the United States, and if so, why?
Calculate annual margin per customer for indoor empire : Calculate ANNUAL margin per customer for Indoor Empire. Rounding: penny.
How much percentage of democrats are white : In a country, 70% of the population is white, and the remaining 30% black, 40% of the white and 90% of the black are Democrats. How much percentage of Democrats
Company estimates that serious player customers : Billiard Supply Company estimates that its "serious player" customers each spend an average of $809.22 with the company every year.
Consumer maximum willingness to pay for an alfa : a) What will be the consumer's maximum willingness to pay for an ALFA watch on the market? b) Explain how ALFA may justify the fact that copiers do not pose

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd