Did the dollar appreciate or depreciate versus the pound
Problem: A British pound cost $2.00 in U.S. dollars in 2008, but $1.27 in U.S. dollars in 2017. Was the pound weaker or stronger against the dollar? Did the dollar appreciate or depreciate versus the pound?
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Provide a real or hypothetical example unemployment (e.g. "In 2019 John lost his job as a result of ...").
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The prices in year two are $1.25, $2.42, and $4.15 Assume year one to be the base year: Calculate the CPIs for each year.
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Was the pound weaker or stronger against the dollar? Did the dollar appreciate or depreciate versus the pound?
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Discuss the spillover effects of higher mortgage rates. Which industries could feel the effects of a moderating housing market?
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