The rising dollar in the early 1980s can be attributed to
A)high real interest rates in the United States
B)improved investment prospects in the United States
C)the growing U.S.budget deficit
D)a and b only

Question

Quizplus · Accepted Answer

The rising dollar in the early 1980s can be attributed to both high real interest rates and improved investment prospects in the United States. These factors led to increased foreign investment in the U.S. economy, which contributed to the appreciation of the dollar. The growing U.S. budget deficit may have also played a role in the rising dollar to some extent, but the primary drivers were high interest rates and improved investment prospects.

The Rising Dollar in the Early 1980s Can Be Attributed