During the Chinese Experience with Pegging the Yuan to the Dollar,the

question 162

Multiple Choice

During the Chinese experience with pegging the yuan to the dollar,the yuan was ________.As a result,there was a ________ of dollars on the market,and the Chinese government had to purchase dollars to maintain the peg.

• A)overvalued; shortage
• B)undervalued; surplus
• C)overvalued; surplus
• D)undervalued; shortage

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Definitions:

Council Of Economic Advisers

A team of economic advisors who provide counsel on economic policy to the President of the United States.

Congressional Budget Office

A nonpartisan federal agency within the legislative branch of the United States government that provides budget and economic information to Congress.

Economic Policy

Decisions made by governments concerning the economic goals of the nation and the methods of achieving those goals.

Y-Coordinate

The vertical position in a two-dimensional Cartesian coordinate system, representing the distance from the x-axis.