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    Affect on the value of the dollar

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    On May 11, 1995, the House Budget Committee approved a plan to slash federal spending through the year 2002 and thereby end the persistent U.S. budget deficits. How do you think the dollar responded to this news?

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    This news should be favorable for the dollar because it indicated that the United States was going ...

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    This posting gives a detailed solution to the student's question.

    $2.19

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