Question: explain why U.S. presidents often favor a lower dollar over the course of their presidency. Explain the relationship between the relative value of the dollar

explain why U.S. presidents often favor a "lower dollar" over the course of their presidency.

  1. Explain the relationship between the relative value of the dollar and its relationship to U.S. exports and imports.
  2. Posit the effect of the relative value of the US dollar and the impact on US GDP. Using the equation for GDP, GDP = C + I +G + (X-M), which of the various components of GDP would be most affected by changing currency levels?

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