Examlex
An appreciation of the real exchange rate in a small open economy could be the result of:
Embargo Act
A law or policy imposed by a government that restricts trade with a specific country or countries, often to apply political pressure.
Economic Depression
A prolonged period marked by a significant decline in economic activity across the market, widespread unemployment, and a decrease in production and consumer spending.
Impressment
The act of taking men into a navy by force and with or without notice, commonly practiced by British Royal Navy against American seamen in the lead up to the War of 1812.
War Hawks
A term used to describe members of Congress who were pro-war, particularly during the period leading up to the War of 1812, advocating for conflict with Britain.
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