Why was failing to devalue the pound for the uk

Assignment Help Microeconomics
Reference no: EM131737575

Question: Political vacuity is not confined to one side of the Atlantic. As already noted, Treasury Secretary Michael Blumenthal solemnly intoned in 1978 that ‘‘a good dollar is weak for America.'' It was not good for America, and it wasn't good for Jimmy Carter or the Democrats. Why was failing to devalue the pound the wrong strategy for the UK in 1968, while the decision to devalue the dollar the wrong strategy for the US in 1978?

Reference no: EM131737575

Questions Cloud

Discuss about the normal amount of vacuity : Shortly before the UK devalued the pound sterling in 1968, Prime Minister Harold Wilson was heard to remark that the first time a Labour prime minister.
Discuss woman have an impact on the construction : As much as our identities are shaped by powerful institutional forces like the family, what we are might be even more powerfully
Choose a stock that is publicly traded : Choose a stock that is publicly traded and explain how you think the future potential of the stock warrants the price it sells at today.
Relationship between bonds and interest rates : Describe the relationship between bonds and interest rates. Describe the calculations needed to price bonds and stocks.
Why was failing to devalue the pound for the uk : Political vacuity is not confined to one side of the Atlantic. As already noted, Treasury Secretary Michael Blumenthal solemnly intoned in 1978.
How change management can help retain employee loyalty : Develop a 2100-word analysis of how change management can help retain or promote employee loyalty by taking into account Motivating individuals to stay engaged.
Defend the rights of people : There are issues with data accuracy, unauthorized use of the collected data and the need to defend the rights of people who use social media things.
Define what strategies can brian to deal with his jealousy : What time of jealousy is Brian exhibiting, Is is Cognitive, Emotional, or Behavioural jealousy. What strategies can Brian to deal with his jealousy
Comparing and contrasting the economic viewpoints : In five hundred words by comparing and contrasting the economic viewpoints and theories of John Maynard Keynes and Friedrich Hayek.

Reviews

Write a Review

Microeconomics Questions & Answers

  Determine aw of the project

A company is considering purchasing a copy machine. The information is given : Investment cost $30,000 Expected life 5 year Market salvage value -$2,500 (negative means that there is a net cost to dispose of an asset) Annual receips $23,500 Annu..

  Recognize economic factors that affect real gdp

identify economic factors that affect the real gdp the unemployment rate the inflation rate and a key interest rate.

  Performance organization and hrm technology

Performance Organization and HRM Technology written assignment.

  What are the core competences of ic companys

What are the core competences of IC Companys? De?ne and evaluate its core competences after the merger. In what position is the company's competitive situation after the merger?

  Why would the role of themarketing department

Why would the role of themarketing department in capital-intensive industries (e.g., aluminum) differ from that in labor-intensive industries (e.g., commercial airlines)?How does this relate to positioning?

  Analyze how the law of demand applies

Analyze how the law of demand applies to a recent purchase that you made. Describe how the product has changed in price and explain whether the price change is due to supply or demand.

  What is the total consumer surplus at equilibrium point

Show the relationship between EV, CV, and consumer surplus using compensated and uncompensated demand curves. If you your income is $ 1million,you spend $100 on good 1, and income elasticity was 0.02, does it matter whether you use EV, CV, or consu..

  Explanation of the nutritional theory

What? (A thorough explanation of the nutritional theory or concept on which you have chosen to write; this should pertain specifically to what you have gleaned from your study during the class.)

  Why firm in pure competition is considered to be price taker

Describe the profit maximizing (or loss minimizing) output for this firm. Explain why or why not there an accounting profit? Explain why a firm in pure competition is considered to be a "price taker."

  How the restaurants compare on the variety objective

Stacy Ennis eats lunch at a local restaurant two or three times a week. In selecting a restaurant on a typical workday, Stacy uses three criteria.

  How you might recommend improving the company

Given your chosen organization, what concepts, tools, and readings from the MBA Program Capstone Bibliography are most relevant to helping guide how you might recommend improving the company? How and why are they relevant?

  Describe why cost structure related with many kinds of

explain why the cost structure associated with many kinds of information goods and services might imply a market

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