Principles of Macroeconomics

# Problems

Principles of MacroeconomicsProblems
32.

A British pound cost $1.56 in U.S. dollars in 1996, but$1.66 in U.S. dollars in 1998. Was the pound weaker or stronger against the dollar? Did the dollar appreciate or depreciate versus the pound?

33.

In Exercise 16.32 calculate the cost of a U.S. dollar in terms of British pounds in 1996 and 1998.