The Brexit Vote in June 2016 Resulted in Higher Expected

question 114

Multiple Choice

The Brexit vote in June 2016 resulted in higher expected trade barriers . Therefore,the expected value of the pound would be ________ in the future. The result was the sharp ________ in the equilibrium exchange rate for the British pound.

• A)lower;fall
• B)higher;fall
• C)lower;rise
• D)higher;rise

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Definitions:

Typical Consumer

An average or representative individual in the economy who consumes goods and services and whose behaviors reflect broader consumer trends.

Surveying Consumers

The process of gathering information, preferences, and opinions from individuals who purchase goods and services.

Consumer Spending

The total amount of money spent by households in an economy on goods and services.

Bureau Of Labor Statistics

A U.S. government agency responsible for collecting and analyzing labor economic data to support public and private decision making.