A change in UK monetary policy will probably have a similar effect on other countries' national incomes to that on UK national income.

Question

Quizplus · Accepted Answer

A change in UK monetary policy will affect the UK's interest rates, which will in turn affect the exchange rate between the UK pound and other currencies. This will make UK exports more or less expensive for other countries, and will therefore affect their national incomes.

A Change in UK Monetary Policy Will Probably Have a Similar