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mars03 mars03
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How does an overvalued yuan-per-dollar exchange rate distort U.S. economic activity?
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Macroeconomics

Macroeconomics


Edition: 3rd
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annalassannalass
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An overvalued yuan-per-dollar exchange rate results in higher Chinese exports to the United States. This in turn results in crowding out of industries that are in competition with the Chinese manufacturers.
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