exchange rate and equilibrium

label Economics
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

The price of a loaf of bread is $1 in the United States, whereas it is 2 pounds in England. The prevailing exchange rate between the dollar and the pound is $1 for 1 pounds. Is this a sustainable exchange rate? If not, describe the changes that will bring the exchange rate to equilibrium.

 

May 4th, 2015

yes it is sustainable.....

May 4th, 2015

Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.
Click to visit
The Notebank
...
May 4th, 2015
...
May 4th, 2015
Oct 22nd, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer