In 1995 House Speaker Newt Gingrich Threatened to Send the United

question 66

Multiple Choice

In 1995 House Speaker Newt Gingrich threatened to send the United States into default on its debt.During the day of this announcement,U.S.interest rates rose and the real exchange rate of the U.S.dollar depreciated.Which of these changes is consistent with the results of the open-economy macroeconomic model?

• A)the increase in U.S.interest rates
• B)the depreciation of the real exchange rate of the U.S.dollar
• C)Both a and b are consistent.
• D)Neither a nor b are consistent.

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Definitions:

Aggressive

Displaying or characterized by forceful actions or attitudes, often with the intention to dominate or control.

Social Acceptance

The degree to which an individual is accepted or approved of by a social group or society at large.

Self-presentation

The process by which individuals attempt to control the impressions others form of them, especially in social situations, through regulation of their behavior and appearance.

Valued Identity

A person's sense of self, regarded as important and valuable within their social and cultural context.