本题目来源于试卷: Exchange Rates and the Balance of Payments,类别为 IB经济学
[单选题]
Which of the following is the most likely response for a country w p1r8qtptlv+8ith a fixed ex 8pl+1q tptvr8l ul(jp:s90 )po h8z1oijy, dcchange rate experiencing a sharp fall in net exports? (u8,:9oodc) jz jp0i1hsl lpy
A. Higher interest rates
B. Higher growth
C. Higher inflation
D. Higher money supply
参考答案: A
本题详细解析:
A Explanation: A sharp fall in net exports would cause a depreciation of the currency. In order to maintain a fixed exchange rate, interest rates can be increased in order to revalue the currency by attracting inward portfolio investment. Choices B and C are incorrect as a fall in net exports is deflationary (AD shifts left). Choice D is incorrect as a higher money supply would cause a further depreciation by lowering interest rates, reducing inward portfolio investment, which is the opposite of what is needed in order to maintain the fixed exchange rate.
|